DJIA39807.37
LIVE0(0.00%)
NDX18254.69
LIVE0(0.00%)

Oil mixed as U.S.-China trade worries linger


Monday, 10 June 2019 19:04 WIB

Minyak WTIMinyak MentahMinyak Brent


Oil futures were mixed on Monday, with the U.S. benchmark holding a slight advance and the global benchmark off slightly, as investors focused on worries about slowing global growth and looked for clues to the next move by OPEC and its allies on output curbs.

West Texas Intermediate crude for July delivery on the New York Mercantile Exchange rose 8 cents, or 0.1%, to $54.06 a barrel, while August Brent crude fell 7 cents, or 0.1%, to $63.22 a barrel.

Crude ended last week on a positive note after the U.S. benchmark fell into a bear market at midweek.

Uncertainty remains around prospects for the Organization of the Petroleum Exporting Countries, or OPEC, and its allies, particularly Russia, extending an agreement to curb output that took effect at the beginning of the year. Russian Energy Minister Alexander Novak on Monday said he couldn’t rule out a scenario in which oil falls to $30 a barrel if a global agreement wasn’t extended, according to Reuters.

Source : MarketWatch


RELATED NEWS

  • US crude futures post their ninth straight session of price increases, ending up 1% at $87.54 a barrel, which is the highest closing price since Nov. 11, 2022. Analysts attribute the gains to announc...

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.