DJIA25742.65
LIVE267.63(1.05%)
NDX9657.31
LIVE58.42(0.61%)

Oil Futures Mark Lowest Settlement Since Mid-December


Thursday, 9 January 2020 03:21 WIB

Minyak WTIOil,Crude Oil


c_740_198_16777215_00_images_assets_Oil3_05Oilprice.jpg

Oil futures moved sharply lower Wednesday, with U.S. prices logging their lowest settlement in nearly four weeks after briefly rallying to highs not seen since April, as worries surrounding the U.S.-Iran conflict subsided for now.

Data from the Energy Information Administration on Wednesday showing a surprise weekly rise in U.S. crude inventories, along with hefty increases in gasoline and distillate stockpiles, contributed to oil's price losses. Late Tuesday's "largely symbolic counter attack on US military facilities [by Iran and President Donald Trump's] response indicating that Iran was standing down eliminated the immediate threat of a disruption in oil production," said Jay Hatfield, portfolio manager of the InfraCap MLP exchange-traded fund February West Texas Intermediate oil declined by $3.09, or 4.9%, to settle at $59.61 barrel on the New York Mercantile Exchange after tapping an intraday high of $65.65.

Source : Marketwatch


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.