DJIA27024.80
LIVE237.44(0.89%)
NDX7942.85
LIVE100.52(1.28%)

Oil Rises as Industry Report Shows Decline in U.S. Stockpiles


Wednesday, 27 February 2019 08:04 WIB

MinyakWTIBrent


c_740_198_16777215_00_images_assets_Oil3_OILDRUM.jpg

Oil rose to touch $56 a barrel after an industry report signaled a surprise decline in U.S. crude inventories.

Futures in New York climbed as much as 0.9 percent. U.S. crude stockpiles fell 4.2 million barrels last week, the American Petroleum Institute was said to report, despite expectations for a 3 million-barrel gain. If Energy Information Administration data due Wednesday confirms the drop, it will be the first decline in six weeks.

Russia reduced its oil production by almost 140,000 to 150,000 barrels a day from December, consistent with its commitment to the OPEC+ deal, Energy Minister Alexander Novak said.

WTI for April delivery climbs as much as 50c to $56/bbl on Nymex, trades at $55.94/bbl at 8:34am in Tokyo. Contract +2c to $55.50 on Tuesday.

April Brent rose 45c to $65.21/bbl on ICE Futures Europe exchange on Tuesday. Brent ended session at $9.71 premium to WTI.

Source : Bloomberg


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.