DJIA25251.23
LIVE-131.88(-0.52%)
NDX9529.94
LIVE-25.59(-0.27%)

Oil hits three month highs as strong US consumer spending underpins growth hopes


Friday, 27 December 2019 19:45 WIB

Minyak WTIMinyak MentahMinyak Brent


c_740_198_16777215_00_images_assets_Oil3_OILDRUM.jpg

Oil prices rose on Friday, hitting three-month highs after data showed record online spending by U.S. consumers, stoking faith in the world's no. 1 economy even before the hoped-for end to the trade war between Washington and Beijing.

Brent crude futures were up 16 cents, or 0.2%, at $68.08 a barrel, after rising to as high as $68.10, the highest since September. The West Texas Intermediate contract was up 19 cents, or 0.3%, at $61.87 a barrel.

A survey on Thursday showed that online holiday purchases by U.S. consumers reached a record, beating analysts’ expectations and sending U.S. stocks to fresh.

Oil prices have also been buoyed by robust hopes that the New Year will usher in an end to the long-running U.S.-China trade tariff war, a dispute that has overshadowed global economic growth prospects and left question marks over future demand for crude.

Source : Reuters


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.