Jalatama Artha Berjangka News

West Texas Intermediate crude settled above $100 for a fourth day this week on better-than-expected U.S. consumer confidence.

Prices gained 0.4 percent since Feb. 7, capping the longest stretch of weekly increases in more than a year. The Thomson Reuters/University of Michigan preliminary index of sentiment held at 81.2 this month, and supplies at Cushing, Oklahoma, the delivery point for New York futures, slid to a three-month low. WTI was lower for most of the day after the Federal Reserve said factory production dropped the most since May 2009 in January.

WTI for March delivery dropped 5 cents to settle at $100.30 a barrel on the New York Mercantile Exchange. Prices climbed to a four-month high of $100.37 on Feb. 12. Volume was 5.5 percent above the 100-day average at 3:29 p.m.

Nymex floor trading will be closed Feb. 17 for the U.S. Presidents Day holiday.

Brent for April settlement gained 56 cents, or 0.5 percent, to end the session at $109.08 a barrel on the ICE Futures Europe exchange. Volume was 33 percent below 100-day average. The European benchmark crude was at premium of $8.95 a barrel to WTI for the same month. The spread settled at $8.38 yesterday, based on March prices.

(Source: Bloomberg)

Berita dari Jalatama, West Texas Intermediate crude fell to an eight-month low on surging output, ample supply and reduced fuel use in the U.S., the world’s biggest oil-consuming country.

Futures declined 0.7 percent. U.S. production climbed last week to the highest level in more than two decades, according to an Energy Information Administration report yesterday. Fuel supplies rose as usage slipped for a third week. Crude stockpiles were near a 30-year seasonal high.

WTI for February delivery dropped 67 cents to settle at $91.66 a barrel on the New York Mercantile Exchange. It was the lowest settlement since May 1. The volume of all futures traded was 15 percent higher than the 100-day average at 3:47 p.m. Futures have fallen 6.9 percent since the start of the year.

Brent for February settlement decreased 76 cents, or 0.7 percent, to end the session at $106.39 a barrel on the London-based ICE Futures Europe exchange. The volume of all futures was 11 percent above the 100-day average.

WTI’s discount to Brent widened earlier as the Buzzard oil field in the North Sea was halted and gunmen blew up a pipeline in northern Iraq. Brent traded closed at a $14.73 premium to WTI, down from $14.82 yesterday. The spread widened to as much as $15.38, the most since Dec. 4, during trading.

(Source: Bloomberg)