DJIA27783.59
LIVE92.10(0.33%)
NDX8259.81
LIVE-3.98(-0.05%)

Oil Prices Down as EIA Cuts Demand Growth Forecast, API Reports Jump in Stockpiles


Wednesday, 12 June 2019 13:11 WIB

MinyakWTIBrent


c_740_198_16777215_00_images_assets_OIL2_0eia-crude-oil-inventory-report-september-27-2017.jpg

Oil prices were down on Wednesday in Asia as the U.S. Energy Information Administration (EIA) cut its forecasts for 2019 world oil demand growth and the American Petroleum Institute (API) reported a surprise increase in crude stockpiles.

U.S. Crude Oil WTI Futures were down 1.5% to $52.43 by 12:40AM ET (04:40 GMT). International Brent Oil Futures fell 1.5% to $61.36.

In a monthly report, the EIA lowered its 2019 world oil demand growth forecast by 160,000 barrels per day (bpd) to 1.22 million bpd.

In a separate weekly report, the API said U.S. crude inventories rose by 4.9 million barrels in the week ended June 7 to 482.8 million barrels, compared with analysts' expectations for a decrease of 481,000 barrels.

Source : Investing.com


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.