Jakarta, hitclubapk3 Indonesia
—
Price
crude oil
the world rose again in trading Thursday (11/12), after
United States
(US) seizes a sanctioned tanker offshore
Venezuela
.
The move escalated Washington-Caracas tensions and fueled market concerns about the potential for further supply disruptions.
Quote
Reuters
, the price of Brent crude oil rose 27 cents or 0.4 percent to US$62.48 per barrel.Meanwhile, West Texas Intermediate (WTI) rose 33 cents or 0.6 percent to US$58.79 per barrel.
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“WTI traded higher following news that the US seized a tanker off the coast of Venezuela,” IG market analyst Tony Sycamore said in a note.
He added that reports of Ukraine attacking ships from Russia’s shadow fleet also helped raise oil prices.
“These developments are likely to keep oil prices above the key support level of US$55 until the end of the year, barring an unexpected peace deal in Ukraine,” he said.
US President Donald Trump on Wednesday said he had seized an oil tanker off the coast of Venezuela.
“We just seized a tanker off the coast of Venezuela, a big ship, very big, the biggest actually and other things are going on,” Trump said.
Trump administration officials have not named the ship.However, the British maritime risk management agency, Vanguard, stated that the Skipper tanker was believed to be the ship seized in the area.
Investors also continue to monitor the latest developments in Russia-Ukraine peace talks.The leaders of Britain, France and Germany held a phone call with Trump to discuss Washington’s latest efforts to end the war, which they called a “critical moment” in the process.
In terms of monetary policy, the sharply divided Federal Reserve decided to cut interest rates.These cuts have the potential to lower consumer borrowing costs, encourage economic growth, and increase oil demand.
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