Oil prices rose more than 1% on Monday as signs of rising manufacturing activity...
TOKYO - Oil prices rose more than 1% on Monday as signs of rising manufacturing activity in China pointed to increasing fuel demand and hints that OPEC may deepen output cuts at its meeting this week indicated supply may tighten next year.
On Friday, WTI futures settled 5.1% lower amid reduced volumes because of last week’s Thanksgiving Day holiday while Brent plunged 4.4%. Prices fell on concerns that talks to end the trade war between the United States and China, the world’s two biggest oil users, would be disrupted by U.S. support for protesters in Hong Kong.
Prices were also supported after Iraq’s oil minister said on Sunday that OPEC and allied producers will consider deepening their existing oil output cuts by about 400,000 barrels per day to 1.6 million bpd.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
OPEC November oil output slips before Aramco IPO, policy meetingOPEC oil output has fallen in November as Angolan production has slipped due to ...
Baca lebih lajut »
Trade Tensions, Market Glut Press Upon Olive-Oil PricesLooming U.S. tariffs on European olive oil, coupled with robust olive harvests in southern Europe, threaten to prolong a deep slump in olive oil prices, which have already fallen by about 25% this year in Spain.
Baca lebih lajut »
China November factory activity unexpectedly returns to growthFactory activity in China unexpectedly returned to growth in November for the fi...
Baca lebih lajut »
OPEC November oil output slips before Aramco IPO, policy meetingOPEC oil output has fallen in November as Angolan production has slipped due to ...
Baca lebih lajut »
China's factory activity unexpectedly returns to growth in NovemberFactory activity in China unexpectedly returned to growth in November for the fi...
Baca lebih lajut »