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Oil Set for Weekly Gain as OPEC+ Gathers Amid Gulf Tensions

Friday, 17 May 2019 18:29 WIB Minyak WTI Brent

Brent oil headed for its biggest weekly gain since mid-February as OPEC and its allies gather this weekend to consider output policy and political tensions in the Persian Gulf escalate. Futures have added 3.5% in London this week. Saudi Arabia, Russia and other major producers in the OPEC+ coalition will assemble in Jeddah over the next few days, while U.S. sanctions squeeze exports from fellow member Iran. Regional friction is growing, as the Saudis said two oil tankers were targeted and accused Iran of ordering a drone attack on their fuel pumping stations, spurring concern of conflict between America and the Islamic Republic. The recent attacks on oil tankers and...

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RECENT NEWS

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Energy

U.S. oil held gains above $58 a barrel after American explorers reduced drilling activity to the lowest level in more than a year, even as President Donald Trump said Washington isn’t ready to make

Precious Metals

Gold rose for a third day as concerns that the U.S.-China trade war is hurting global growth damps risk appetite. Spot gold +0.1% to $1,285.90/oz at 7:53am in London; +0.6% last week.

CURRENCIES

Euro bertahan stabil pada Senin ini pasca hasil pemilihan parlemen Uni Eropa menunjukkan bahwa partai-partai pro-UE berpegang pada dua pertiga kursi, sehingga membatasi gain lawan-lawan skeptis

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