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Oil Prices Dip on Weak Demand Outlook, Supply Concerns

Monday, 21 October 2019 08:32 WIB Minyak WTI Brent Minyak Mentah Oil,

Oil prices eased on Monday amid persistent concerns about the global economic outlook and the impact on oil demand, while Russia again missed its target to cut oil output last month. Global benchmark Brent crude oil futures fell by 10 cents, or 0.2%, to $59.32 a barrel by 01:08 GMT. U.S. crude oil futures were down by 9 cents, or 0.2%, to $53.69. The Organization of the Petroleum Exporting Countries (OPEC), Russia and other oil producers, an alliance known as OPEC+, agreed in December to reduce supply by 1.2 million barrels per day (bpd) from the start of this year. Source : Reuters      

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Energy

Oil prices eased on Monday amid persistent concerns about the global economic outlook and the impact on oil demand, while Russia again missed its target to cut oil output last month. Global

Precious Metals

Gold Prices Flat; Traders Looking for Next Catalyst
Monday, 21 October 2019 08:25 WIB
Gold is flat in early Asian trade. Traders are most likely looking for the next catalyst that will lift gold prices, AxiTrader says. Meanwhile, gold is likely to remain supported by recent weak

CURRENCIES

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