DJIA25679.90
LIVE-84.10(-0.33%)
NDX7376.70
LIVE-126.98(-1.69%)

Oil Drops as U.S. Stockpiles Forecast to Rise a Fourth Week


Wednesday, 21 February 2018 18:16 WIB

Minyak WTIbrent oilOil,Crude Oil


c_740_198_16777215_00_images_assets_OIL2_1GUWPCf927.jpg

Oil dropped as U.S. stockpiles were forecast to have expanded for a fourth week, raising questions about OPEC’s success in draining a global oversupply.

Crude in New York lost as much as 1.4 percent. Inventories in America rose by 3 million barrels last week, according to a Bloomberg survey. Oil has struggled to regain January’s highs as equities remain weak and a stronger dollar reduces the appeal of commodities priced in the U.S. currency.

West Texas Intermediate for April delivery fell 72 cents to $61.07 a barrel on the New York Mercantile Exchange as of 10:09 a.m. London time. Total volume traded was about 18 percent below the 100-day average. The March contract expired Tuesday after adding 22 cents to $61.90.

Brent for April settlement slipped 69 cents to $64.56 a barrel on the London-based ICE Futures Europe exchange. Prices dropped 0.6 percent to $65.25 on Tuesday. The global benchmark traded at a $3.49 premium 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.