Oil Rises as Traders Take Cue From Stock-Market Bounce

Thursday, 25 October 2018 22:56 WIB

Minyak WTIbrent oilOil,Crude Oil


Oil futures headed higher Thursday as a rebound in equity markets backed a return to risk-on sentiment, giving U.S. benchmark prices an incentive to move up for a second session in a row.

The Energy Information Administration reported Wednesday that U.S. oil stockpiles rose for a fifth straight week, up 6.3 million barrels in the week ended Oct. 19. The data, however, also revealed a drop of 4.8 million barrels in gasoline stockpiles—over three times more than expected.

West Texas Intermediate crude for December delivery on the New York Mercantile Exchange added 35 cents, or 0.5%, to $67.17 a barrel, following a gain of 0.6% a day earlier. Month to date, prices based on the front-month contracts were down more than 8%, which would be the largest monthly loss since July 2016, according to FactSet data.

December Brent crude was up 17 cents, or 0.2%, to $76.34 a barrel after a loss of nearly 0.4% Wednesday.

Source : Marketwatch


  • Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemeni separatists and as traders looked for signs that U.S.-China trade tensions could ease. Price gains were, h...



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.