DJIA39760.08
LIVE477.75(1.22%)
NDX18280.84
LIVE70.31(0.39%)

Oil Gains More Than 1% On Saudi Supply Doubts, Mideast Tensions


Monday, 23 September 2019 13:22 WIB

MinyakWTIBrent


Oil prices rose more than 1% on Monday on doubts over how fast Saudi Arabia can bring back its full crude output after an attack earlier this month on its largest processing facility and as tensions in the Middle East remained at high levels.

Brent crude futures (LCOc1) increased to as much as $65.50 a barrel. The front-month contract was at $64.98, up 70 cents, or 1.09% at 05:29 GMT.

U.S. West Texas Intermediate (WTI) crude futures (CLc1) were at $58.71 a barrel, up 62 cents, or 1.07%, after earlier hitting a high of $59.39.

Despite efforts by top oil exporter Saudi Arabia to reassure global markets it can resume full production by the end of this month after an attack on its largest oil processing facility in mid-September, buyers and traders remained skeptical. The attack knocked out half of the kingdom's oil production.

State oil company Saudi Aramco has switched crude grades and pushed back crude and refined product deliveries to customers by days following the attack.

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.