DJIA26202.73
LIVE240.29(0.93%)
NDX7733.22
LIVE68.75(0.90%)

Oil Set for Weekly Gain as Crude Stockpiles and Dollar Decline


Friday, 26 January 2018 18:43 WIB

Minyak WTIbrent oilOil,Crude Oil


c_740_198_16777215_00_images_assets_OIL_Minyak-bumi.jpg

Oil headed for a weekly increase as U.S. crude stockpiles dropped further and the nation’s currency weakened.

Futures have climbed 3.8 percent in New York this week after reaching the highest since December 2014 on Thursday. Crude stockpiles fell for a 10th week to the lowest level since February 2015, according to Energy Information Administration data Wednesday. The weaker dollar has made oil more attractive to investors.

West Texas Intermediate for March delivery was at $65.72 a barrel on the New York Mercantile Exchange, up 21 cents, at 11:02 a.m. in London. Total volume traded was about 9 percent below the 100-day average.

Brent for March settlement added 15 cents to $70.57 a barrel on the London-based ICE Futures Europe exchange after falling 11 cents on Thursday. Prices are up 2.9 percent this week, rebounding from the first weekly drop since mid-December. The global benchmark crude traded at a premium of $4.87 to WTI.

Source : Bloomberg


RELATED NEWS

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.