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Oil Falls as Stock Market Sees Renewed Pressure


Friday, 26 October 2018 18:58 WIB

Minyak WTIbrent oilOil,Crude Oil


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Oil futures fell Friday as traders continued to take their cues from global equity markets, which were set for a renewed slide to end a volatile week.

West Texas Intermediate crude for December delivery on the New York Mercantile Exchange fell $78 cents, or 1.2%, to $66.55 a barrel. The U.S. benchmark was on track for a 3.2% weekly decline. December Brent crude the global benchmark, was off 69 cents, or 0.9%, to $76.20 a barrel and was headed for a 4.5% weekly fall.

Global equities were under pressure after a Thursday bounce, with U.S. stock-index futures pointing to a sharply lower start for Wall Street.

Source : Marketwatch


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