DJIA25585.69
LIVE95.22(0.37%)
NDX7300.96
LIVE-6.97(-0.10%)

Oil Prices End Sharply Higher as U.S. Supplies Drop by Nearly 9 Million Barrels


Thursday, 28 February 2019 03:44 WIB

Minyak WTIbrent oilOil,Crude Oil


c_740_198_16777215_00_images_assets_Oil3_OILOIL.jpg

Oil futures rose Wednesday after Saudi Arabia affirmed its commitment to reducing output, then got an added boost after data revealed an unexpected weekly drop in U.S. crude supplies — the first decline in six weeks.

April West Texas Intermediate crude rose $1.44, or 2.6%, to settle at $56.94 a barrel on the New York Mercantile Exchange. That was the biggest one-day dollar and percentage increase since Feb. 1, according to Dow Jones Market Data. Global benchmark April Brent which expires at Thursday’s settlement, rose $1.18, or 1.8%, to $66.39 a barrel on ICE Futures Europe.

The Energy Information Administration on Wednesday reported that U.S. crude supplies unexpectedly dropped by 8.6 million barrels. The decline followed five straight weeks of increases and defied most market forecasts. Informa Economics projected a rise of 3.5 million barrels.The American Petroleum Institute data on Tuesday showed a decline of 4.2 million barrels.

Source : Marketwatch


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.