PT. Equityworld Futures - Oil
capped the biggest weekly advance in more than four years in New York
on speculation that the drop in U.S. rigs will crimp production.
Futures climbed 7.9
percent this week amid expectations that the idling of U.S. rigs is
spurring a slowdown that will trim the global surplus. Shale output will
fall in May, the Energy Information Administration said, the first time
the agency forecast a drop since it began publishing a monthly drilling
report in 2013. Oil services provider Schlumberger Ltd. said it will
cut an additional 11,000 jobs.
Oil slipped 1.7
percent Friday after global equity markets slipped as Chinese regulators
tightened rules and on renewed concern over Greece’s debt negotiations.
U.S. supplies rose to the highest level in 85 years and Saudi Arabia
pumped the most crude in three decades in March, reports showed this
week.
West Texas
Intermediate for May delivery fell 97 cents to settle at $55.74 a barrel
on the New York Mercantile Exchange. Prices posted their biggest weekly
gain since February 2011. Futures touched $57.42 Thursday, the highest
level since Dec. 23.
Sumber : ewfpro.com
