DJIA28132.05
LIVE220.75(0.79%)
NDX8466.89
LIVE64.28(0.77%)

Oil Prices Rise; EIA Reports Larger-than-Expected Drop in U.S. Crude Inventories


Thursday, 18 July 2019 13:15 WIB

MinyakWTIBrent


c_740_198_16777215_00_images_assets_OIL2_5bfc09d3405241b4ae96129349c8310a_18.jpg

Oil prices rose on Thursday in Asia as data showed U.S. crude inventories fell more than expected last week.

U.S.Crude Oil WTI Futures inched up 0.1% to $56.84 by 11:56 PM ET (03:56 GMT). International Brent Oil Futures rose 0.3% to $63.87.

The Energy Information Administration said in its weekly report that crude stockpile was down by 3.12 million barrels in the week to July 12, compared to forecasts for a stockpile draw of 2.69 million.

Gasoline inventories unexpectedly rose 3.57 million barrels, compared to expectations for a draw of 0.93 million barrels, the report also showed.

Meanwhile, distillate stockpiles rose 5.69 million barrels, more than the expected 0.61 million gains.

Source : Investing.com


RELATED NEWS

  • Oil prices fell on Friday in Asia even afterthe Organization of the Petroleum Exporting Countries (OPEC) and its allies agreed to increase output cuts by nearly 50% in early 2020. U.S. Crude Oil WTI ...

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.