DJIA25586.73
LIVE96.26(0.38%)
NDX7313.21
LIVE5.28(0.07%)

Oil Set for Biggest Weekly Gain Since Early April on Gulf Angst

Friday, 17 May 2019 13:02 WIB Minyak WTI brent oil Oil, Crude Oil

Oil headed for its biggest weekly gain since early April as flaring tension in the Middle East took precedence over an escalating trade war between the world’s two biggest economies. Futures in New York gained as much as 0.8% Friday and are up 2.3% so far this week. Saudi Arabia on Thursday accused Iran of ordering a drone attack on its fuel pumping stations this week. President Trump is wary of drawing the U.S. into a war with Iran, although there’s division in his administration over how to approach the Islamic Republic, according to people familiar with the matter. West Texas Intermediate crude for June delivery rose 23 cents, or 0.4%, to $63.10 a barrel on the New York Mercantile...

Read more...

RECENT NEWS

Gold extended its losses on Friday, following its biggest one-day percentage loss in a month in the previous session on a firmer dollar and as a strong U.S. data, corporate results boosted investor appetite for riskier assets. Spot gold was down...

Oil prices edged higher on Friday, extending gains into a fourth session as rising tensions in the Middle East stoked fears of potential supply disruptions. Brent crude futures were at $72.82 a barrel at 0024 GMT, up 20 cents, or 0.3%, from their...

The dollar hovered near a two-week high against its peers on Friday, supported by strong U.S. economic data and a bounce in Treasury yields. The dollar index versus a basket of six major currencies was at 97.832 after reaching 97.882 on Thursday,...

Never mind that nearly six million barrels of crude piled up in U.S. storage last week, or that the International Energy Agency still thinks there's an oversupply despite six months of OPEC cuts. The Saudis are accusing the Iranians of being the...

Gold futures moved sharply lower Thursday, registering their lowest finish in a week, pressured by a batch of upbeat U.S. domestic data as equities traded broadly higher, dulling the appeal of the haven metal. June gold on Comex was off $11.60, or...

Sterling was lower on Thursday after reports that U.K. Prime Minister Theresa May will step down over the summer regardless of whether or not her Brexit withdrawal agreement passes. Cable was down 0.4%, with GBP/USD at 1.2790 as of 10:16 AM ET...

Energy

Oil rose toward $69 a barrel on Friday after two sessions of losses, but remained on track for its biggest weekly drop this year due to rising inventories and concerns of an economic slowdown. U.S.

Precious Metals

Gold futures edged lower Friday, pulling back from the one-week high they settled at a day earlier. Prices for the haven metal, however, ended the week higher against backdrop of worries surrounding

CURRENCIES

The U.S. dollar slipped on Friday as traders digested the impact of see-saw trade headlines on the stronger greenback. The U.S. dollar index, which measures the greenback’s strength against a

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.