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

Oil dips for second day on lack of trade talk progress


Tuesday, 12 November 2019 08:28 WIB

Minyak WTI


U.S. oil fell for a second day on Tuesday, amid little sign of progress on U.S.-China trade talks, while Saudi Arabian crude output rose, reinforcing concerns about a glut.

U.S. West Texas Intermediate (WTI) crude was down 20 cents, or 0.4%, at $56.66 a barrel by 0039 GMT. The contract dropped 0.7% in the previous session.

Brent crude futures were yet to trade after falling 0.5% on Monday.

Worries about the impact on oil demand from the fallout of the 16-month U.S.-China trade war, which has weighed on global economic growth, have returned after doubts were cast on the chances of a so-called phase one agreement.

Source: Reuters


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.