DJIA28992.41
LIVE-224.83(-0.77%)
NDX9446.69
LIVE-181.14(-1.88%)

Oil falls for sixth day as China virus spreads


Tuesday, 28 January 2020 08:47 WIB

Minyak WTIMinyak MentahMinyak Brent


c_740_198_16777215_00_images_assets_Oil3_00.jpg

Oil futures slipped on Tuesday, extending losses into a sixth session as the spread of a new virus in China and other countries raised concerns about a hit to economic growth and slower oil demand.

Brent crude was down 15 cents, or 0.3%, to $59.17 at around 01:14 GMT, after touching a three-month low on Monday at $58.50.

U.S. West Texas Intermediate was down 12 cents, or 0.2%, at $53.02, after slipping to its lowest since early October in the previous session at $52.13.

The United States warned against travel to China and other countries put out advisories as the death toll from the spreading coronavirus outbreak rose to 100 people and left millions of Chinese stranded during the biggest holiday of the year.

Oil investors are concerned travel advisories, other restrictions and any fall-off in economic growth in the world's second-biggest economy and elsewhere will dampen demand for crude and its products, amid plentiful supply.

Source : Reuters


RELATED NEWS

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.