DJIA27335.63
LIVE-23.53(-0.09%)
NDX7927.08
LIVE-39.85(-0.50%)

Oil prices settle at roughly 5-month low as data show U.S. supplies climbing


Thursday, 13 June 2019 02:57 WIB

Minyak WTIPasokan Minyak


c_740_198_16777215_00_images_assets_Oil3_DRUMOIL.jpg

Oil prices on Wednesday logged the lowest finish since January as U.S. crude supplies climbed a second week in a row and concerns about energy demand persisted on the back of growing U.S.-China trade tensions.

West Texas Intermediate crude for July delivery fell $2.13, or 4%, to settle at $51.14 a barrel on the New York Mercantile Exchange. That was the lowest front-month contract finish since Jan. 14, according to Dow Jones Market Data. August Brent crude lost $2.32, or 3.7%, to $59.97 a barrel on ICE Futures Europe, the lowest front-month finish since Jan. 28. Both benchmarks had ended roughly flat on Tuesday.

On Nymex, July gasoline fell 4% to $1.686 a gallon, while July heating oil shed 2.3% to $1.780 a gallon.

In other energy trading, natural gas for July delivery slipped 0.5% to $2.386 per million British thermal units. The EIA on Thursday is likely to report a weekly climb of 108 billion cubic feet, topping the five-year average rise of 92 billion, according to a survey of analysts by S&P Global Platts.

Source: Marketwatch


RELATED NEWS

  • Oil prices traded higher on Monday as positive data from China outweighed the country's slowing economy, providing hopes that demand for oil will remain intact. New York-traded West Texas Intermediat...

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.