DJIA27882.91
LIVE-26.69(-0.10%)
NDX8354.29
LIVE-8.45(-0.10%)

Oil Extends Gains as Market Mulls Prospect of OPEC Output Cuts


Tuesday, 3 December 2019 07:55 WIB

MinyakWTIBrent


c_740_198_16777215_00_images_assets_OIL2_Arab-Saudi-Saudi-Aramco-akan-pangkas-produksi-minyak-harga-minyak-naik-560x416.jpg

Oil held gains in Asian trading before an OPEC meeting this week that could decide to tighten supplies further.

Futures in New York rose 0.2%, after advancing 1.4% on Monday in their biggest daily gain in more than a week. Iraq said that the so-called OPEC+ group may shrink output again, contradicting other cartel members insisting deeper cuts are not on the cards. Just one out of 35 analysts and traders in a global surveyby Bloomberg expect OPEC and its allies will agree on a further reduction when they meet in Vienna later this week.

West Texas Intermediate for January delivery rose 8 cents to $56.04 a barrel on the New York Mercantile Exchange at 10:43 a.m. Sydney time. Jan. WTI settled up 79 cents at $55.96 a barrel on Monday.

Brent for February settlement rose 43 cents to $60.92 on London’s ICE Futures Europe Exchange.

Source : Bloomberg


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.