DJIA25827.36
LIVE92.39(0.36%)
NDX10341.89
LIVE0(0.00%)

Oil climbs more than 5% to 3-month high ahead of OPEC+ meeting


Saturday, 6 June 2020 01:55 WIB

Minyak WTIMinyak MentahMinyak Brent


c_740_198_16777215_00_images_assets_Oil3_0il-prices-dip.jpg

Oil prices rose on Friday after an unexpected fall in the May U.S. jobless rate and OPEC's decision to bring forward to Saturday discussions on whether to extend record production cuts.

Brent crude futures were up $2.07, or 5.2%, at $42.07 a barrel, while West Texas Intermediate crude futures gained $2.14, or 5.7%, to settle at $39.55 per barrel.

The U.S. Labor Department reported a surprise fall in the jobless rate to 13.3% last month from 14.7% in April.

Brent has risen 17% since Friday to reach a three-month high, in a range more comfortable for producers like Russia. The contract has more than doubled since crashing as low as $15.98 a barrel on April 22. WTI is up 11%.

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.