DJIA26816.59
LIVE319.92(1.21%)
NDX7843.88
LIVE103.52(1.34%)

U.S. Crude Extends Weekly Gains to 10% as U.S.-Iran Tensions Add to Rally


Friday, 21 June 2019 19:19 WIB

MinyakWTIBrent


c_740_198_16777215_00_images_assets_Oil3_0il_price_041214_2.jpg

Oil prices extended gains to a three-week high on Friday as escalating tensions between the U.S. and Iran added to a rally of nearly 10% in U.S. crude.

New York-traded West Texas Intermediate crude futures rose 45 cents, or 0.8%, at $57.52 a barrel by 7:56 AM ET (11:56 GMT), while Brent crude futures, the benchmark for oil prices outside the U.S. gained 84 cents, or 1.3%, to $65.29.

WTI oil was on track for weekly gains of 9.5%, while Brent was up 5.3% from a week ago.

U.S. President Donald Trump had authorized military strikes against Iran in response to the strike against a U.S. surveillance drone late Thursday, but called off the attack at the last minute, according to a New York Times report.

The report is the latest development in escalating tension between Washington and Tehran in the Gulf region where six oil tankers have been damaged by explosions in the past six weeks.

Source : Investing.com


RELATED NEWS

  • Oil slipped on Monday as China’s economic outlook remained weak even as manufacturing data improved, with an ongoing trade war with the United States weighing on demand growth for the world’s largest ...

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.