DJIA39760.08
LIVE477.75(1.22%)
NDX18280.84
LIVE70.31(0.39%)

Oil Edges Up After Plunging In Worst Reaction To Opec Since 2014


Wednesday, 3 July 2019 09:30 WIB

MinyakMinyak WTIMinyak MentahMinyak Brent


Oil recovered slightly after suffering its worst reaction to an OPEC meeting in more than four years.

Prices edged higher by about 0.6% on Wednesday after a report showed a contraction in U.S. crude stockpiles. They were still far from recovering their losses from the previous day's session when fears about the global economy overshadowed OPEC's decision to prolong production curbs. It was the biggest drop following an OPEC gathering since November 2014.

West Texas Intermediate crude for August delivery rose 34 cents to $56.59 a barrel on the New York Mercantile Exchange as at 9:30 a.m. Singapore time.

Brent for September settlement added 32 cents, or 0.5%, to $62.72 a barrel on London's ICE Futures Europe Exchange. Prices declined 4.1% on Tuesday. The global benchmark crude traded at a $6.01 premium to WTI for the same month.

Source : Bloomberg


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.