DJIA39758.24
LIVE-1.44(-0.00%)
NDX18251.83
LIVE-29.02(-0.16%)

Oil Prices Slip as Weak China Exports Highlight Trade War Impact


Monday, 9 December 2019 18:36 WIB

MinyakWTIBrent


Oil prices fell on Monday after data showed Chinese exports declined for a fourth straight month, sending jitters through a market already concerned about damage being done to global demand by the trade war between Washington and Beijing.

Brent futures were down 44 cents, or 0.68%, at $63.95 per barrel by 09:35 GMT, after gaining about 3% last week on news that OPEC and its allies would deepen output cuts.

West Texas Intermediate oil futures were down 48 cents, or 0.81% to $58.72 a barrel, having risen about 7% last week on the prospects for lower production from “OPEC+”, which is made up of the Organization of the Petroleum Exporting Countries and associated producers including Russia.

Monday’s sudden chill came after customs data released on Sunday showed exports from the world’s second-biggest economy in November fell 1.1% from a year earlier, confounding expectations for a 1% rise in a Reuters poll.

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.