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U.S. oil futures finish at a 6-week low as petroleum-product stocks climb


Thursday, 16 January 2020 03:00 WIB

Minyak WTI


Oil futures settled lower Wednesday, with U.S. prices at their lowest in six weeks following a surge in weekly domestic gasoline and distillate stockpiles.  The losses came despite a weekly decline in U.S. crude supplies and the official signing of the Phase 1 U.S.-China trade deal.

February West Texas Intermediate oil lost 42 cents, or 0.7%, to settle at $57.81 barrel on the New York Mercantile Exchange. That was the lowest front-month contract settlement since Dec. 3, FactSet data show.

Source: Marketwatch


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