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

Oil Prices Hold Near Multimonth Highs as OPEC Supply Appears in Check


Wednesday, 20 March 2019 03:43 WIB

MinyakWTIBrent


c_740_198_16777215_00_images_assets_Oil3_Oil_sp_20180209151433_ZH.jpg

Oil futures held ground near multimonth highs on Tuesday with major global producers outside the U.S. expected to continue to keep a lid on output.

The U.S. benchmark, however, eased back to settle a few cents lower after finishing Monday at its highest since November as the Organization of the Petroleum Exporting Countries and its allies looked set to continue their crude production cuts until June.

April West Texas Intermediate crude fell by 6 cents, or 0.1%, to settle at $59.03 a barrel. The contract settled at $59.09 Monday on the New York Mercantile Exchange — the highest finish since Nov. 12, according to Dow Jones Market Data. The April WTI contract expires at the end of Wednesday’s session.

May Brent crude climbed by 7 cents, or 0.1%, to $67.61 a barrel on ICE Futures Europe, the highest for a front-month contract since November.

Source : Market Watch


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.