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Oil Prices Mixed as Traders Await Coronavirus News, Data Pointers


Monday, 17 February 2020 13:20 WIB

Minyak WTIbrent oilOil,Crude Oil


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Oil prices were mixed on Monday in Asia as traders await coronavirus news and economic data in Asia due this week.

U.S. Crude Oil WTI Futures rose 0.1% to $52.38 by 12:50 AM ET (04:50 GMT), while international Brent Oil Futures slipped 0.1% to $57.28.

On Monday morning, Japan said its economy shrank 6.3% in the October-December period, the fastest pace since the second quarter of 2014.

Australia will report its January employment change figures on Wednesday. China, the world’s biggest oil importer, is due to report the latest update on its central bank’s loan prime rate on the same day.

Development on the coronavirus front remained in focus. China reported that there were 1,933 new cases and 100 new deaths on Sunday.

Source : Investing.com


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