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BRENT OIL

West Texas Intermediate (WTI) crude oil closed with a small gain on Monday rising for a sixth-straight session but remaining firmly rangebound as concerns over violence in the Middle East are being offset by adequate supply and weak demand. WTI crude oil for March delivery closed up US$0.08 to...


West Texas Intermediate (WTI) crude oil rose to the highest in three months on Friday as geopolitical worries amid Mideast violence and the death in prison of Russian opposition figure Alexei Navalny offset a well-supplied market and flagging demand. WTI crude for March delivery closed up US$1.16...


WTI Crude Closes Higher Again on Mideast Worries
Wednesday, 14 February 2024 02:49 WIB | Oil

West Texas Intermediate (WTI) crude on Tuesday closed higher for a seventh-straight session as Middle East tensions continue to boil while OPEC left its optimistic forecast for 2024 unchanged at 2.2-million barrels per day over 2023 levels and the dollar surged after US inflation rose more than...


Minyak mentah AS turun di bawah $ 50 pada hari Rabu, level terendah sejak Januari 2019, ketika Asia, Eropa dan negara-negara penghasil minyak di Timur Tengah melaporkan ratusan kasus virus Korona baru dan Amerika Serikat memperingatkan pandemi yang tak terhindarkan. Minyak mentah Brent turun 89...


A gauge of oil-market volatility fell to the lowest level since October, as crude prices struggle to break out of a $10-a-barrel band they’ve traded so far this year.  US crude futures traded little changed near $74 on Thursday, but have generally been rangebound since the start of...


Harga minyak tetap stabil pada hari Kamis (9/9) karena varian Delta dari virus corona terus membebani prospek permintaan, mengimbangi penurunan produksi Teluk Meksiko AS karena kerusakan yang disebabkan oleh Badai Ida. Minyak mentah Brent naik 21 sen menjadi $72,81 per barel dan minyak mentah...


Oil futures ended with a loss on Friday, with U.S. benchmark prices under $80 to settle at their lowest in more than a week. U.S. crude prices had a “little tug-of-war around the $80 a barrel level” until the market knows more about China’s reopening momentum, what the Federal Reserve will do to...


Oil futures finished little changed Monday, down by just pennies, after ending last week at their highest since November. Oil bulls have been “drawing strength from rising demand hopes as China’s economy re-opens, while a softer dollar seems to be supporting upside gains,” said Lukman Otunuga,...


U.S. oil futures settle at highest in 3 months
Tuesday, 25 July 2023 01:44 WIB | Oil

U.S. oil prices on Monday ended at their highest in three months, up more than 2%. "The unquenched thirst for summer oil created a snowball effect that has led to a multi-week rally," said Manish Raj, managing director at Velandera Energy Partners. "Export cuts from Saudi Arabia and Russia has...


The U.S. oil benchmark ended near unchanged Tuesday as U.S. refineries temporarily closed last week by a brutal winter storm came back online. Oil was lifted earlier in the session on optimism about Chinese demand as the country said it would drop quarantine requirements for incoming travelers,...


The White House angrily pushed back at OPEC+ after the oil producer group announced its largest supply cut since 2020, lashing out at what President Joe Biden’s administration described as a “shortsighted” decision. Energy analysts believe the deep production cuts could yet backfire for OPEC...


Pasar minyak mentah global telah kehilangan sekitar seperlima nilainya pada tahun 2020 disaat penguncian ketat terkait virus corona melumpuhkan sebagian besar ekonomi global, tetapi harga telah pulih dengan kuat dari posisi terendahnya karena pemerintah mengeluarkan lebih banyak stimulus. Pada...


Minyak mempertahankan kenaikan di dekat penutupan tertinggi dalam tiga bulan setelah stok minyak mentah menyusut di pusat penyimpanan utama AS dan persediaan bensin turun untuk minggu ke-10, memperburuk pelemahan pasar. West Texas Intermediate berjangka diperdagangkan di atas $122 per barel...


Minyak memperpanjang penurunannya dari level tertinggi sejak 2014 setelah kenaikan mengejutkan dalam stok minyak mentah AS dan peningkatan besar dalam pasokan bensin. Minyak berjangka di New York turun hampir 2% di awal perdagangan Asia menuju $84 per barel. Persediaan minyak mentah naik untuk...


Minyak mempertahankan penurunannya di dekat $ 65 per barel pada awal perdagangan Asia setelah reli baru-baru ini yang telah kehilangan dorongan di tengah penguatan dolar, yang mengurangi daya tarik harga komoditas dalam mata uang tersebut. Kontrak di New York mengakhiri sesi 1,6% lebih rendah...


Harga minyak turun pada hari Rabu (15/12) untuk hari ketiga di tengah meningkatnya ekspektasi bahwa pertumbuhan pasokan akan melebihi pertumbuhan permintaan tahun depan, meskipun varian virus corona Omicron tidak terlihat membatasi mobilitas setajam varian COVID-19 sebelumnya. Minyak mentah...


Minyak menghentikan penurunan dua hari beruntunnya karena Saudi Aramco memperkirakan permintaan akan terus meningkat sepanjang sisa tahun ini, meskipun banyak wilayah di seluruh dunia berjuang untuk mengendalikan virus corona. Konsumsi minyak mentah di Asia hampir kembali ke level sebelum...


Minyak berjangka naik pada hari Rabu (6/4), memangkas kerugian awal, karena ancaman sanksi baru terhadap Rusia meningkatkan kekhawatiran pasokan, melawan kekhawatiran permintaan yang lebih lemah menyusul peningkatan stok minyak mentah AS dan perpanjangan lockdown di Shanghai. Minyak mentah...


Harga minyak bertahan pada kenaikan yang dibuat pada sesi sebelumnya pada hari Jumat, setelah Presiden Rusia Vladimir Putin mengindikasikan dia akan siap untuk memperpanjang rekor pemangkasan pasokan dalam menghadapi pandemi COVID-19. Minyak mentah Brent turun 1 sen menjadi $ 42,45 per barel pada...


Minyak turun tipis setelah ditutup pada level tertingginya delapan bulan terkait laporan industri yang menunjukkan bahwa stok AS naik pekan lalu mengambil sebagian tenaga dari reli yang didorong oleh tanda-tanda perilisan vaksin virus corona. Minyak berjangka di New York diperdagangkan di dekat $...


Harga minyak ditutup turun tajam pada Selasa, menyusul laporan bahwa Menteri Luar Negeri AS Mike Pompeo mengatakan Iran siap memasuki negosiasi atas program misilnya, meredakan kekhawatiran tentang ketegangan antara Washington dan Teheran yang telah membahayakan aliran minyak di Timur...


Harga minyak turun pada hari Rabu karena data industri menunjukkan peningkatan persediaan yang lebih besar dari yang diperkirakan di Amerika Serikat, di mana lonjakan kasus virus corona dapat semakin mengurangi permintaan bahan bakar di konsumen minyak terbesar dunia. Minyak mentah Brent turun 52...


Minyak bertahan di atas $105 per barel karena investor menimbang permintaan yang lebih tinggi untuk produk olahan terhadap serangkaian lockdown di kota-kota besar di China. West Texas Intermediate berjangka sedikit berubah di awal perdagangan Asia setelah ditutup 0,5% lebih tinggi pada hari...


Minyak merosot karena investor menimbang kekhawatiran yang tersisa tentang perlambatan ekonomi terhadap sinyal bullish dari AS dan OPEC. West Texas Intermediate bergerak di bawah $88 per barel setelah ditutup 1,8% lebih tinggi pada hari Rabu pasca sesi berombak. Minyak berjangka berada di jalur...


Harga minyak turun pada hari Jumat di tengah kekhawatiran atas permintaan bahan bakar karena epidemi virus Korona menyebar lebih jauh ke luar Cina, sementara produsen minyak mentah besar berdiri di depan tindakan awal apa pun untuk memangkas produksi guna mendukung pasar. Minyak mentah Brent...


Harga minyak jatuh pada hari Jumat dengan kekhawatiran untuk permintaan bahan bakar tumbuh terkait epidemi virus Korona yang berasal dari Cina menyebar lebih jauh ke luar negeri, sementara produsen minyak mentah utama bertahan dalam mengambil langkah awal untuk memangkas produksi demi mendukung...


Minyak mengalami kerugian - tetapi tetap di dekat level tertingginya lima bulan - karena laporan industri yang menunjukkan penurunan baru dalam stok minyak mentah Amerika dibayangi oleh virus corona dan kurangnya kemajuan dalam pembicaraan stimulus AS. Minyak berjangka di New York naik tipis...


Harga minyak naik tipis pada hari Rabu setelah Moskow mengatakan bahwa pembicaraan damai dengan Ukraina telah menemui jalan buntu, memicu kekhawatiran pasokan, sementara data ekonomi yang lemah dari China dan Jepang membatasi kenaikan. Minyak mentah Brent naik 48 sen, atau 0,5%, menjadi $105,12...


Harga minyak turun hampir 1% pada hari Senin karena para pedagang lindung nilai berspekulasi dengan Organisasi Negara-negara Pengekspor Minyak (OPEC) mengingat adanya pertemuan pada minggu ini untuk membahas apakah akan memperpanjang rekor pengurangan produksi di luar akhir Juni. Minyak mentah...


Minyak stabil setelah ditutup pada level tertinggi tiga bulan dengan investor menimbang pasokan dan permintaan seiring musim mengemudi musim panas AS yang meningkat dan China kembali dibuka dari lockdown virus yang melumpuhkan. West Texas Intermediate berjangka diperdagangkan di atas $119 per...


Minyak berjangka AS berakhir lebih rendah pada hari Selasa, tetapi di luar level terburuk sesi, karena para pedagang menimbang perkiraan untuk kenaikan mingguan dalam pasokan minyak mentah domestik. American Petroleum Institute, sebuah kelompok perdagangan industri, diperkirakan akan merilis...


Minyak menuju penurunan mingguan moderat karena investor mempertimbangkan kekhawatiran atas perlambatan ekonomi terhadap tanda-tanda membaiknya permintaan AS. West Texas Intermediate stabil di atas $90 per barel pada hari Jumat (19/8), turun lebih dari 1% untuk minggu ini setelah periode...


Minyak bersiap untuk kerugian mingguan kedua karena investor mempertimbangkan sengketa perdagangan AS-China yang memburuk terhadap langkah-langkah terbaru dari Arab Saudi untuk menstabilkan pasar. Minyak mentah Brent naik 1,4% di London, tetapi turun 6% untuk minggu ini. Perang dagang yang...


Minyak menuju kenaikan mingguan ketujuh karena investor menimbang pengetatan pasar global dan kembalinya China dari pembatasan virus. West Texas Intermediate berjangka stabil di dekat $121 per barel pada hari Jumat (10/6) dan naik sekitar 2% untuk minggu ini. Pasar telah diperketat seiring...


Minyak naik lebih tinggi karena investor menilai prospek pasokan dan permintaan karena dampak dari invasi Rusia ke Ukraina menjungkirbalikkan arus perdagangan global dan China dengan hati-hati kembali dari pembatasan virus yang ketat. West Texas Intermediate berjangka bergerak menuju $119 per...


Minyak menguat karena para pedagang menganalisis dampak sanksi yang diberikan terhadap Rusia dan kesenjangan yang melebar antara kontrak berjangka di New York dan London. Minyak West Texas Intermediate melonjak sebanyak 2,9% untuk memperpanjang kenaikan mingguannya. Sementara Presiden AS Joe...


Pedagang Menunggu Pertemuan OPEC+, Minyak Stabil
Wednesday, 1 September 2021 07:05 WIB | Energy

Minyak stabil di pembukaan September, dengan para pedagang menghitung mundur sampai pertemuan OPEC+ yang akan menghasilkan kenaikan lebih lanjut dalam produksi. West Texas Intermediate sedikit berubah setelah kehilangan lebih dari 7% pada bulan Agustus, penurunan bulanan terbesar tahun ini....


Minyak stabil karena para pedagang menunggu sinyal lebih lanjut dari pemerintahan Biden tentang apakah akan memanfaatkan Cadangan Minyak Strategis. West Texas Intermediate sedikit berubah di awal perdagangan Asia setelah naik hampir 4% selama dua sesi terakhir. Sekretaris Energi Jennifer Granholm...


Harga minyak bervariasi pada Senin di Asia karena para pedagang menunggu kelanjutan berita virus Corona dan data ekonomi di Asia yang akan dirilis minggu ini. Minyak Mentah berjangka WTI AS naik 0,1% menjadi $ 52,38 pada pukul 12:50 ET (04:50 GMT), sementara minyak mentah berjangka Brent...


Minyak melemah pada awal bulan karena investor mempertimbangkan dampak dari langkah-langkah China untuk menahan virus corona dan langkah Eropa untuk mengurangi ketergantungannya pada bahan bakar dari Rusia. West Texas Intermediate berjangka turun sebanyak 1,2%, setelah ditutup 0,6% lebih rendah...


Minyak memperpanjang kenaikan dari penutupan tertingginya dalam tiga bulan dengan investor mempertimbangkan prospek pasokan dan permintaan seiring meningkatnya musim mengemudi musim panas AS dan China dibuka dari dari penguncian virus. West Texas Intermediate berjangka naik di atas $120 per barel...


Minyak melanjutkan penurunannya pada awal minggu karena para pedagang mempertimbangkan prospek banyaknya pasokan dari Iran dan prospek permintaan. West Texas Intermediate berjangka turun di bawah $92 per barel setelah ditutup 2,4% lebih rendah pada hari Jumat. Proposal Uni Eropa untuk...


Harga minyak turun lebih dari 1% pada hari Selasa di tengah ekspektasi bahwa pasar yang dipasok dengan baik akan mampu menyerap gangguan yang telah memangkas produksi minyak mentah Libya. Minyak mentah Brent turun 98 sen, atau 1,5%, menjadi $ 64,22 per barel, setelah sebelumnya menyentuh $ 66 per...


Minyak melonjak di atas $ 71 per barel di perdagangan Asia setelah Arab Saudi mengatakan pangkalan minyak mentah terbesar di dunia diserang, meskipun produksi tampaknya tidak terpengaruh setelah rudal dan drone dapat dihentikan. Minyak berjangka di London melonjak sebanyak 2,6% setelah naik 4,9%...


Harga minyak naik lebih tinggi pada hari Kamis menjelang pertemuan OPEC di mana Arab Saudi diperkirakan akan mendorong kelompok dan sekutunya termasuk Rusia untuk menyetujui pengurangan produksi lebih lanjut untuk mendukung pasar. Harga juga didukung oleh kenaikan yang lebih rendah dari perkiraan...


Minyak mempertahankan kenaikan terbesar dalam lebih dari lima bulan karena OPEC dan sekutunya bergerak mendekati penetapan tanggal untuk pertemuan berikutnya dan karena AS dan China mengisyaratkan pembicaraan perdagangan akan dilanjutkan setelah sebelumnya menemui jalan buntu. Minyak berjangka...


Minyak menuju kenaikan mingguan keenam setelah OPEC + mencapai kesepakatan tentatif untuk memperpanjang rekor penurunan produksi hingga akhir Juli. Minyak berjangka di New York naik tipis pada hari Jumat, tetapi naik hampir 5% minggu ini. Setelah hampir satu minggu berselisih, Arab Saudi dan...


Harga minyak menyentuh level tertinggi multi-bulan pada hari Senin di tengah ekspektasi bahwa  OPEC dan produsen sekutunya dapat membatasi produksi di level saat ini pada bulan Februari dan pada harapan bahwa vaksin virus corona dapat membantu mengekang penyebaran virus dan mendorong rebound...


Harga minyak Brent naik pada hari Rabu di tengah ekspektasi bahwa produsen utama telah bergerak lebih dekat ke kesepakatan untuk memberlakukan pemangkasan produksi lebih dalam yang bertujuan mengimbangi penurunan permintaan yang disebabkan oleh wabah virus Korona. Minyak mentah Brent naik 62 sen,...


Oil prices sank, with West Texas Intermediate plunging below $65 a barrel, as escalating investor concerns about a global banking crisis eroded appetite for risk assets including commodities. Global benchmark Brent also dropped below $71 after plunging 12% last week to hit the lowest...


Oil edged lower after capping the longest winning run in more than four years as OPEC+ leaders extended supply cuts to the end of 2023. West Texas Intermediate fell toward $87 a barrel after posting nine straight daily gains, the longest stretch of advances since January 2019. That...


Oil headed for a weekly decline as rising US inventories and the prospect of further tightening by the Federal Reserve eclipsed the lift from more signs that Chinese demand is improving. West Texas Intermediate fell toward $77 a barrel in Asia, dropping for a fourth day in the longest...


Oil prices rose for a third day on Wednesday after U.S. crude inventories grew less than expected and a cut in the forecast for output growth in the U.S., the world's biggest producer, eased concerns about potential oversupply. Brent crude futures rose 56 cents to $79.15 a barrel as of 1159 GMT,...


Oil prices rose in early Asian trade on Wednesday as U.S. crude inventories were seen falling, but concerns that OPEC+ would leave output policy unchanged at its upcoming meeting limited gains. Brent crude futures were up 65 cents or 0.8% at $83.68 per barrel by 0132 GMT, while U.S. West Texas...


It was a belated response by oil longs though not entirely surprising, given the outsized exports for last week. Crude prices jumped almost 2% Friday and over 4% on the week in a catch-up to record crude exports reported by the EIA for last week. New York-traded West Texas Intermediate settled at...


Oil dipped for a second session, trimming a weekly gain, as investors weighed concerns over a global economic slowdown against a bullish outlook for Chinese demand following the end of Covid Zero. West Texas Intermediate futures fell below $78 a barrel in Asia on Friday, but are still up...


Oil traded near $91 a barrel on London as global fuel markets continued to tighten amid robust demand and supply curbs by top OPEC+ members.  Brent crude pushed edged higher on Tuesday, after hitting a new high for the year during the previous session. Diesel — the workhorse fuel of the...


Oil fluctuated as traders await a week of interest rate decisions, while a key North American crude pipeline remains shut. West Texas Intermediate traded near $71 a barrel, steadying after last week’s 11% plunge. TC Energy Corp. is continuing recovery efforts at its shuttered Keystone...


Oil prices traded mostly flat on Thursday, giving up gains made earlier in the day, as optimism over China's demand outlook was tempered by caution ahead of upcoming inflation data from the United States. Brent crude was flat at $82.67 per barrel as of 0725 GMT, while U.S. West Texas Intermediate...


Oil prices edged higher on Wednesday as markets worried about supply tightness in the U.S., the world’s biggest oil consumer, after data showed a larger-than-expected draw in its crude and gasoline inventories. Brent crude futures rose 32 cents, or 0.4%, to $72.58 a barrel at 0002 GMT, while U.S....


Oil held near the highest since November after OPEC+ leaders Saudi Arabia and Russia announced that they would extend supply curbs through the end of the year, tightening the global market. West Texas Intermediate traded near $87 a barrel after the twin announcements on Tuesday, which...


Oil steadied in Asia — after rallying around 7% over the previous three sessions — as investors assessed the latest commentary from Federal Reserve officials and mixed Energy Information Administration data. West Texas Intermediate futures traded near $78 a barrel after closing almost 2%...


Oil fluctuated as traders balanced an uncertain economic picture against Saudi Arabia’s bullish supply cut. West Texas Intermediate futures rose above $72 a barrel, erasing an earlier loss. Official US stockpile data are due later, following an industry group report that showed...


Oil swung between gains and losses as technical resistance threatened to put a lid on last week’s supply-driven rally. West Texas Intermediate traded little changed near $74 a barrel after breaking above its 100-day moving average on Friday. Crude fell through the key technical level in late...


Oil fluctuated as uncertainty about the strength of demand and the direction of the global economy blunted recent supply-driven gains. West Texas Intermediate traded below $79 a barrel after rallying around 2% over the previous two sessions. Fuel markets are slumping as refining margins...


Oil resumed a rally after an industry estimate pointed to a huge drawdown in US inventories, adding to signals the market is tightening. West Texas Intermediate surged more than 1% to above $82 a barrel after ending 0.5% lower on Tuesday. The American Petroleum Institute reported that...


Oil was little changed on Thursday as investors remained cautious ahead of expected production cuts by the OPEC+ group, and as weaker-than-expected Chinese factory data underscored slowing growth in the world's second largest economy. Brent crude futures climbed 13 cents, or 0.2%, to $83.23 a...


Oil was steady in Asia — while still holding onto most of Monday’s surge — as the Israel-Hamas war remained contained and Saudi Arabia pledged to help ensure market stability. West Texas Intermediate traded near $86 a barrel after a war-risk premium returned to the market on Monday...


Oil held onto most of Monday’s surge as the Israel-Hamas war remained contained and Saudi Arabia pledged to help ensure market stability. West Texas Intermediate traded near $86 a barrel after a war-risk premium returned to the market on Monday following Hamas’ surprise attack on the...


Oil steadied after a short-lived relief rally as the market digested differing views on the supply and demand outlooks, while an industry report pointed to an expansion in US stockpiles.  West Texas Intermediate traded near $78 a barrel, while global benchmark Brent was above $82. The...


Oil steadied after a short-lived relief rally as the market digested differing views on the supply and demand outlook, while an industry report pointed to an expansion in US stockpiles. Global benchmark Brent edged up toward $83 a barrel, while West Texas Intermediate was above $78. The...


Oil was largely unchanged this week as demand concerns returned to the fore, snuffing out gains driven by Saudi Arabia’s unilateral pledge to cut production. West Texas Intermediate hovered above $71 a barrel, paring this week’s decline to less than 1%. Riyadh’s surprise decision to cut...


Oil steadied near the highest since November after OPEC+ leaders Saudi Arabia and Russia announced that they would extend supply curbs through the end of the year, tightening the global market. West Texas Intermediate traded near $87 a barrel after the twin announcements on Tuesday,...


Oil steadied, with signs of another stockpile build in the US coming ahead of an OPEC+ meeting on supply over the weekend. Global benchmark Brent held above $82 a barrel after ending modestly higher on Tuesday, while West Texas Intermediate was near $78. The American Petroleum Institute said...


Oil prices were stable on Tuesday as the market awaited the Federal Reserve's plans for rate hikes to gauge the impact on the economy and fuel demand. Brent futures for March were up 7 cents, or 0.09%, to $79.72 a barrel by 1307 GMT. U.S. West Texas Intermediate crude rose 15 cents, or 0.20%, to...


Oil futures were little changed in Asia on Wednesday as hopes of improved Chinese demand offset uncertainty about how a Western cap on Russian oil prices would play out, keeping markets on edge after a sharp fall in the previous session. Brent crude futures edged up 3 cents, or 0.04%, to $79.38 a...


Oil steadied after its biggest rally of the year as a disagreement between Iraq and its Kurdish region curtailed exports, while fears over a fallout from the banking crisis receded. West Texas Intermediate futures traded near $73 a barrel after jumping more than 5% on Monday in the steepest...


Oil prices were steady on Monday after U.S. leaders reached a tentative debt ceiling deal, possibly averting a default in the world's largest economy and oil consumer, but concerns about further interest rate hikes capped gains. Brent crude futures climbed 14 cents, or 0.2%, to $77.09 a barrel by...


Oil was steady after advancing for a fourth week on signs of a tightening market, with the International Energy Agency warning of higher prices ahead. West Texas Intermediate futures traded above $82 a barrel after posting the longest run of weekly gains since June....


Oil was steady after advancing for a fourth week on signs of a tightening market, with the International Energy Agency warning of higher prices ahead. West Texas Intermediate futures traded above $82 a barrel after posting the longest run of weekly gains since June....


Oil was steady after dropping 2% in the previous session, ahead of data that will provide clues on the health of China’s economic recovery. West Texas Intermediate futures were little changed near $81 a barrel after the biggest daily drop in four weeks on Monday. China is expected...


Oil steadied as signs of lower US inventories and tensions in the Middle East were balanced by expectations for increased supplies. West Texas Intermediate held above $74 a barrel after finishing lower on Tuesday, when global benchmark Brent closed below $80. The American Petroleum...


Oil steadied as jitters from the short-lived armed uprising in Russia gave way to persistent concerns over the demand outlook. West Texas Intermediate traded above $69 a barrel after a choppy session on Monday following the attempted mutiny over the weekend. Focus is returning to...


Oil steadied after a gain, with pockets of strength in physical markets supporting wider sentiment. Brent traded above $82 a barrel after rising by 1.1% on Monday, while West Texas Intermediate was below $78. There have been signs of recent buying activity from refineries in the...


Oil prices fell slightly in Asian trade on Tuesday, hovering near three-month highs after a strong run of gains as markets digested mixed economic cues from major importer China, while strength in the dollar also weighed. Crude prices rallied between 14% and 16% in July, with expectations of...


Oil steadied after a three-day drop spurred by concerns over the Chinese economy and the possibility of even tighter US monetary policy. West Texas Intermediate was little changed above $79 a barrel after shedding more than 4% this week. Worries over top importer China’s post-pandemic...


Oil steadied on Tuesday after falling in the previous session as the prospect of a tighter market due to OPEC+ supply restraint offset concern over Chinese growth and uncertainty over the pace of interest rate cuts. China set an economic growth target for 2024 of around 5%, similar to last year's...


Oil was steady as investors weighed signs of shrinking US crude stockpiles against concerns over the demand impact from further monetary tightening by the Federal Reserve. West Texas Intermediate traded near $81 a barrel after closing little changed on Tuesday. The industry-funded American...


Oil was steady as investors weighed signs of shrinking US crude stockpiles against concerns over an uneven demand recovery and the prospect of further monetary tightening. West Texas Intermediate traded near $81 a barrel after closing little changed on Tuesday. The American Petroleum...


Oil steadied after posting the biggest loss in five weeks as a broad shift away from risk assets was offset by signs of a tighter crude market, including a record drop in US inventories. West Texas Intermediate was little changed below $80 a barrel after tumbling by 2.3% on Wednesday as...


Oil steadied as traders assessed near-term supply tightness in the crude market and broad appetite for risk assets including commodities.  West Texas Intermediate held above $84 a barrel after dropping in the prior two sessions. The Organization of Petroleum Exporting Countries and...


Oil prices were little changed on Thursday as the market digested fears of global economic slowdown alongside tighter crude supply. Brent crude futures dipped 20 cents to $76.45 a barrel by 0752 GMT after a 0.5% gain the previous day. U.S. West Texas Intermediate crude fell 5 cents to $71.74 a...


Oil steadied in the year’s first session as challenges to near-term demand from a global slowdown were offset by the prospect that more sanctions on Russia may curb supply. West Texas Intermediate was little changed above $80 a barrel after closing 2.4% higher on Friday to cap a modest...


Oil steadied in Asia as investors weighed the outlook for monetary policy and a mixed industry report on US crude stockpiles. West Texas Intermediate futures traded near $68 a barrel after closing 2.4% lower in the previous session. The European Central Bank said on Tuesday that it probably...


Oil Steadies Ahead of US Inflation Data
Thursday, 10 August 2023 15:20 WIB | Oil

Oil prices steadied on Thursday as investor caution ahead of U.S. inflation data softened a protracted price rally on supply tightness. Brent crude edged up 14 cents to $87.69 a barrel by 0757 GMT while West Texas Intermediate crude (WTI) crept up by 1 cent to $84.5. Oil prices have been boosted...


Oil Steadies Ahead of U.S. Inflation Data
Thursday, 10 August 2023 18:04 WIB | Energy

Oil prices stabilized on Thursday as investor caution dominated ahead of inflation data expected to offer clues on U.S. interest rates. Brent crude dipped 12 cents to $87.43 a barrel by while West Texas Intermediate crude (WTI) edged down by 21 cents to $84.19. Both benchmarks have been on a...


Oil Steadies Ahead of Biden Middle East Trip
Tuesday, 17 October 2023 18:12 WIB | Oil

Oil steadied on Tuesday after sliding more than $1 the day before ahead of a trip by U.S. President Joe Biden to the Middle East that is likely to involve balancing support for Israel with containing a regional escalation of its war with Hamas. Brent crude futures were up 28 cents at $89.93 a...


Oil steadied ahead of a decision on monetary policy from the Federal Reserve after rallying 6% over the previous two sessions. US consumer prices posted the smallest monthly gain in more than a year on Tuesday, indicating the worst of inflation has likely passed and sparking hopes...


Oil steadied after slumping almost 6% last week as shrinking refining margins in Asia added to warning signs on the outlook for global demand. West Texas Intermediate traded near $78 a barrel after dropping last week by the most since the banking crisis in...


Oil steadied after sinking to the lowest close in more than three weeks as traders took stock of the outlook for demand in China and the latest sanctions on Russian energy flows came into effect. West Texas Intermediate traded near $73 a barrel after tumbling more than 3% on Friday as a...


Oil steadied after sinking to the lowest close in about a month as traders took stock of the outlook for demand in China and the latest sanctions on Russian energy flows came into effect. West Texas Intermediate held above $73 a barrel after tumbling more than 3% on Friday as a bumper...


Oil steadied after a two-day drop as investors tracked stop-start negotiations in the US to strike a deal on the debt ceiling. Brent crude was little changed below $76 a barrel after losing almost 2% over the prior two sessions. President Joe Biden and House Speaker Kevin McCarthy will...


Oil steadied after hitting the highest level since November on expectations that supply cuts by OPEC+ leaders will tighten the market. West Texas Intermediate was little changed above $85 a barrel after an initial surge as the week’s trading kicked off. Underlying metrics, including...


Oil steadied as traders took stock following a two-day slump, amid persistent concerns over demand as the global economy falters. West Texas Intermediate futures traded above $74 a barrel, having erased all of the gains since key OPEC+ nations announced surprise output cuts at the start of...


Oil steadied after the biggest monthly advance since early 2022 as signs of a tighter global crude market were countered by indications the rally may be due for a pause after such a rapid run-up. West Texas Intermediate was little changed below $82 a barrel after surging 16% in July....


Oil steadied in Asia after a big decline in US crude stockpiles provided some optimism for a market weighed down by demand concerns. West Texas Intermediate traded above $69 a barrel after closing 2.8% higher in the previous session. Crude inventories shrunk by 9.6 million barrels...


Oil steadied in Asia after a big decline in US crude stockpiles provided some optimism for a market weighed down by demand concerns. West Texas Intermediate traded near $69 a barrel after closing 2.8% higher in the previous session. Crude inventories shrunk by 9.6 million barrels...


Oil prices were stable on Monday, hovering close to $100 a barrel as support from a weaker dollar and recovering Chinese crude imports met renewed demand concerns linked to China’s stringent Covid containment approach. Brent crude futures fell 7 cents, or 0.05% to $98.52 a barrel. U.S. West Texas...


Oil surged more than 4% after Hamas’ surprise attacks on Israel over the weekend, the broadest and bloodiest in decades, threatened to inflame tensions in the Middle East, home to almost a third of global supply. West Texas Intermediate rose above $86 a barrel as a war-risk...


Oil declined after Saudi Arabia cut official selling prices for all regions, the latest sign that fundamentals are worsening.  West Texas Intermediate tumbled 4.1%, the biggest drop in almost two months, to settle below $71 a barrel. State producer Saudi...


Oil slipped on Tuesday after two sessions of gains as uncertainty about the global economic outlook and a firmer dollar countered investor optimism about demand in China and expectations of a drop in U.S. crude inventories. The dollar rose as worries about corporate earnings and the outlook for...


Oil prices fell by more than 1.5% on Tuesday after data showed China's imports and exports fell much more than expected in July in yet another sign of a sluggish post-COVID rebound for the world's largest oil importer. Brent crude futures were down $1.33, or about 1.6%, at $84.01 a barrel at 1047...


Oil prices slipped on Monday as caution around the U.S. debt ceiling talks and concerns about demand recovery in China offset support from lower supplies from Canada and OPEC+ producers. Brent crude futures fell 48 cents, or 0.6%, to $75.10 a barrel by 0201 GMT while U.S. West Texas Intermediate...


Oil prices slipped again on Monday as a strong U.S. job report which capped sharp falls last week dampened hopes of swift rate cuts, despite a U.S. pledge to continue air strikes in the Middle East which have kept geopolitical tensions high. Brent crude futures fell 65 cents, or 0.8%, to $76.68 a...


Oil edged lower as an industry report pointed to a rise in US crude stockpiles and investors fretted about weaker demand amid slowing growth.  West Texas Intermediate fell below $85 a barrel in early Asian trading after rising 0.9% on Tuesday. The American Petroleum Institute...


Oil fell as an industry report showed a rise in US crude stockpiles and investors fretted about weaker demand amid slowing growth.  West Texas Intermediate retreated below $85 a barrel after rising 0.9% on Tuesday. The American Petroleum Institute reported US inventories expanded...


Oil prices slid on Tuesday from their highest levels in a month on a stronger dollar and after the head of the International Monetary Fund warned of a tougher 2023 as major economies experience weakening activity. Brent crude futures dropped 98 cents, or 1.1%, to $84.93 a barrel by 0148 GMT while...


Oil headed for a fourth weekly loss after sinking into a bear market as signs of healthy supplies and rising stockpiles offset attempts by OPEC+ leaders Saudi Arabia and Russia to keep declines in check. West Texas Intermediate traded near $73 a barrel after dropping more than 20% drop from...


Oil headed for a fourth weekly loss after sinking into a bear market as signs of healthy supplies and rising stockpiles offset attempts by OPEC+ leaders Saudi Arabia and Russia to keep declines in check. West Texas Intermediate traded near $73 a barrel after dropping more than 20% from a...


Oil headed for a weekly loss of around 8% as price cuts by Saudi Arabia highlighted concerns over the demand outlook. While West Texas Intermediate climbed to trade near $74 a barrel on Friday, steep losses at the start of the week have put futures on track for a large weekly...


Oil headed for the biggest weekly loss this year after banking turmoil rippled across global markets, with investors watching for a potential response from OPEC and its allies to the rout. West Texas Intermediate was steady near $68 a barrel and down around 11% for the week. OPEC+ chiefs...


Oil headed for the biggest weekly loss this year after banking turmoil rippled across global markets, with investors watching for a potential response to the rout from OPEC and its allies. West Texas Intermediate futures edged toward $69 a barrel on Friday, but are still down about 10% for...


Oil headed for the biggest weekly gain since early October on signs of tightening supply and the prospect for improved Chinese demand, despite downward pressure from interest-rate hikes. While West Texas Intermediate fell below $76 a barrel on Friday, futures are up about 7% for the week....


Oil headed for a strong weekly gain, rebounding from a weak start to the year, on China’s improving demand outlook and cooling US inflation.  West Texas Intermediate was steady near $79 a barrel, approaching a 7% advance this week. The Brent benchmark is poised for its strongest week...


Oil is poised to advance for a second week as shippers avoid the Red Sea amid increased attacks, while Angola’s exit from OPEC put the spotlight on the group’s unity. West Texas Intermediate traded near $74 a barrel and is set for a second weekly gain after notching a string of seven...


Oil is poised for a weekly advance as China takes steps to soften its strict Covid-19 approach and Washington mulls a pause in sales from strategic reserves.  West Texas Intermediate traded above $81 a barrel after four straight sessions of gains, its longest winning steak since...


Oil headed for a modest weekly gain as fears the Israel-Hamas conflict could destabilize the Middle East and crimp global supply were offset by signs of flagging demand. West Texas Intermediate rose toward $84 a barrel on Friday and is up around 1% this week. Most of the surge on Monday...


Oil prices gained more than $1 on Friday and were on track to rise for a second week on heightened fears that the Israel-Gaza crisis may spread in the Middle East and disrupt supply from one of the world's top-producing regions. Brent crude futures was up $1.23 to $93.61 a barrel by 1116 GMT....


Oil headed for the first weekly loss since last month’s banking crisis, weighed down by concerns over demand and the US economy. West Texas Intermediate was steady near $77 a barrel and more than 6% lower this week. Fuel markets from gasoline to diesel are flashing signs...


Oil headed for the first weekly loss since the banking crisis last month, weighed down by concerns over demand and the US economy. West Texas Intermediate futures slipped toward $77 a barrel and are more than 6% lower this week. Fuel markets from gasoline to diesel are...


Oil headed for the biggest weekly gain since October on sustained geopolitical tensions, lower US crude stockpiles, and prospects for additional stimulus in China. West Texas Intermediate held above $77 a barrel after jumping 3% in the previous session to hit a two-month high in an...


Oil headed for the biggest weekly gain since October on sustained geopolitical tensions, lower US crude stockpiles, and prospects for additional government stimulus in key crude importer China. Global benchmark Brent was near $82 a barrel after jumping 3% in the previous session in...


Oil Rises, Brent Tops $80 Ahead of OPEC+ Meeting
Tuesday, 28 November 2023 19:27 WIB | Oil

Oil prices rose on Tuesday as the possibility that OPEC+ will extend or deepen supply cuts was compounded by a storm-related drop in Kazakh oil output to send the Brent benchmark above $80 a barrel. OPEC+, comprising the Organization of the Petroleum Exporting Countries (OPEC) and allies...


Oil edged higher toward $94 a barrel, capping a tumultuous week that saw the Federal Reserve flagging a further rise in US interest rates this year and Russia ban diesel exports.  Brent futures were up 0.6%, little changed from a week earlier. The Fed signaled borrowing costs will stay...


Oil advanced at the week’s open after Saudi Arabia pledged to shave an extra 1 million barrel-a-day from its production in July, taking output to the lowest level in years in an effort to stabilize the market. West Texas Intermediate jumped almost 5% early in the session before paring...


Oil prices rose on Monday after a halt to oil exports from Iraqi Kurdistan via Turkey and moves to contain a potential banking crisis that could have hit demand for crude. Brent crude futures were up $1.16, or 1.6%, at $76.15 a barrel by 1210 GMT. West Texas Intermediate U.S. crude rose $1.19, or...


Oil prices gained ground on Thursday as investors considered the impact of Israel's rejection of a ceasefire offer from Hamas and unexpected drops in U.S. fuel stocks. Brent crude futures rose 81 cents, or 1.02%, to $80.02 a barrel by 1239 GMT. U.S. West Texas Intermediate crude futures were up...


Oil prices rose for a second straight session on Tuesday, driven by optimism about recovering demand in China, and concerns over supply shortages following the shutdown of a major export terminal after an earthquake in Turkey. Brent crude futures rose 82 cents, or 1.01%, to $81.81 per barrel by...


Oil traded near $94, capping a tumultuous week that saw the Federal Reserve flagging a further increase in interest rates this year and Russia banning diesel exports.  Brent futures edged up, even as they remained little changed from a week earlier. The Fed signaled borrowing costs will...


Oil prices rose by over $1 on Friday as reports that the U.S military struck Iranian targets in Syria raised concerns of a widening of the Israel-Hamas conflict that could impact supply from the key Middle East producing region. Brent crude futures for December rose $1.32, or 1.5%, to $89.25 a...


Oil prices rose slightly in early Asian trading on Thursday, as markets weighed bullish U.S. inventory data on Wednesday and a likely extension of OPEC+ output cuts against the fallout of Fitch’s downgrade of the U.S. government’s top credit. Brent crude futures rose 27 cents, or 0.32%, to $83.47...


Oil edged higher from the lowest closing level in over three weeks even as investors considered the outlook for global demand amid concerns over the health of the economy.  West Texas Intermediate futures rose toward $78 a barrel after dropping 2.2% on Tuesday, while US equity...


Oil rose from its lowest close in three months as traders took stock of the outlook for demand amid turmoil in the US banking sector. West Texas Intermediate climbed toward $72 a barrel after losing 7% over the previous two sessions. The market is facing the prospect of another...


Oil rose for a third session after Saudi Arabia issued a warning to short-sellers, suggesting OPEC+ might cut output to buoy prices. West Texas Intermediate climbed toward $74 a barrel after adding almost 2% over the previous two days. Saudi Arabian Energy Minister Prince Abdulaziz bin...


Oil rose after the US and its allies launched airstrikes against Houthi rebels in Yemen, retaliating for attacks on ships in the Red Sea that have imperiled flows of fuel and goods through the vital waterway. Brent climbed 1.1% to settle above $78 a barrel, while West Texas Intermediate...


Oil Rises as Market Weighs OPEC+ Supply Rebalance
Tuesday, 29 November 2022 12:10 WIB | Energy

Oil rebounded on Tuesday after falling to more than 11-month lows in the previous session, as investors weighed a potential output adjustment from the major oil producers, who are set to have a key meeting this week. Brent crude futures advanced $1.81, or 2.2%, and traded at $85.00 a barrel at...


Oil Rises Amid Forecasts for 2023 Demand Uptick
Wednesday, 14 December 2022 18:18 WIB | Energy

Oil prices rose Wednesday as bearish signals from data indicating a surprise build in U.S. crude inventories were more than offset by forecasts of oil demand rebounding over 2023 from OPEC and the International Energy Agency (IEA). Brent crude futures rose 99 cents, or 1.2%, to $81.67 per barrel,...


Oil resumed a rally after an industry estimate pointed to a huge drawdown in US inventories, adding to signals the market is tightening. West Texas Intermediate climbed above $82 a barrel, overturning Tuesday’s 0.5% loss. The American Petroleum Institute reported that...


Oil rose for a third day after industry data pointed to a substantial draw in US crude stockpiles and investors counted down to an OPEC+ meeting that may see the group agree to cut production. West Texas Intermediate climbed toward $79 a barrel after advancing 2.5% over the previous two...


Oil prices rose on Tuesday after sliding in the previous session as markets weighed Middle East tensions against demand worries and rising OPEC supply. Brent crude futures rose $1.47, or 1.93%, to settle at $77.59 a barrel, while U.S. West Texas Intermediate crude futures gained $1.47, or 2.08%,...


Oil fell after the Federal Reserve signaled that at least one more interest-rate hike is possible this year in its fight to subdue stubborn inflation, overshadowing signs of a tighter physical crude market. Brent futures fell near $92 a barrel, dropping for a third day in the longest losing...


Oil fell as China’s Covid Zero policy fanned concerns about energy demand in the largest crude importer, with lockdowns spreading. West Texas Intermediate eased toward $85 a barrel, after losing 3.5% on Wednesday as data showed US crude stockpiles hit the highest since July...


Oil fell after China signaled no relaxation of its Covid Zero stance as cases hit a six-month high, setting back the outlook for demand in the world’s biggest importer. West Texas Intermediate sank toward $91 a barrel, after surging more than 5% last week as speculation about a...


Oil prices fell on Monday, deepening a multi-week decline, as a weakening global economy offset supply woes stemming from the closure of a key pipeline supplying the United States and Russian threats of a production cut. Brent crude futures were down 38 cents, or 0.4%, at $75.72 a barrel by 0900...


Oil climbed from the lowest close in 15 months after a three-day rout started by the US banking crisis and accelerated by options covering. West Texas Intermediate futures edged above $68 a barrel after tumbling around 12% over the previous three sessions. The turmoil whipped up by...


Oil prices rebounded on Thursday amid dollar weakness and as investors emerged to buy dips after two sessions of steep losses, though economic concerns capped recovery. Brent crude futures had climbed 75 cents, or 1.0%, to $78.59 a barrel by 0400 GMT, while U.S. West Texas Intermediate crude...


Oil prices rebounded slightly on Wednesday after extended declines as signs of supply tightness amid output cuts by major producers overrode demand growth concerns in China and the U.S., the world's two biggest crude consumers. Brent crude futures were up 27 cents to $82.31 a barrel at 0745 GMT...


Oil rose but the benchmark is still headed for a weekly loss of almost 10% as the outlook for demand faltered amid an uncertain global economic outlook.  West Texas Intermediate advanced above $69 a barrel on Friday. The US crude benchmark is still down for a third week in its...


Oil prices were muted on Thursday, cutting short a three-day rally after data highlighted growing economic cracks in major crude importer China, while markets also speculated over whether the OPEC’s last meeting for the year will result in a supply cut. Chinese manufacturing activity- a...


Oil was little changed after two days of gains, as traders and shippers braced for the prospect of more disruption in the Red Sea. Global benchmark Brent held near $79 a barrel after rising more than 3% in the previous two sessions. West Texas Intermediate inched above...


Oil’s three-day rally came to a halt on Thursday as weather forecasts indicated that freezing temperatures initially expected for the Christmas weekend might be delayed, reducing the potential for a spike in heating oil demand. The Global Forecast System, the weather forecasting model preferred...


Oil’s rally to $95 a barrel faltered as investors cashed out and the market settled in overbought territory.  US benchmark crude fell nearly $2 after surging to the highest level in more than a year. While dwindling oil inventories at Cushing, Oklahoma — the delivery point for US futures —...


Oil extended its rally to hit the highest level since November on expectations that supply cuts by OPEC+ leaders will tighten the market. West Texas Intermediate climbed for an eighth straight session, an advance that includes last week’s gain of more than 7%. Underlying metrics,...


Oil rose on Monday after top exporters Saudi Arabia and Russia announced supply cuts for August, overshadowing concern over a global economic slowdown and the potential for further increases to U.S. interest rates. Saudi Arabia on Monday said it would extend its voluntary cut of one million...


Oil prices are set to end 2023 about 10% lower, the first annual decline in two years, after geopolitical concerns, production cuts and global measures to rein in inflation triggered wild fluctuations in prices. Brent crude futures were up 33 cents, or 0.4%, at $77.48 a barrel at 0756 GMT on...


Oil prices were little changed in Asian trade on Wednesday after sharp moves earlier in the week, as markets weighed concerns about the U.S. economy against potential supply disruptions from ongoing tensions in the Red Sea. Brent crude fell 1 cent, or 0.01%, to $75.88 a barrel by 0733 GMT, while...


Brent oil futures steadied above $90 a barrel on Monday after topping that level on Friday, as investors waited to see if the Israel-Hamas conflict escalates further. Brent futures were down 4 cents, or 0.04%, at $90.85 a barrel at 1120 GMT. U.S. West Texas Intermediate (WTI) crude rose by 12...


Oil prices steadied on Thursday after falling sharply in the previous session, as concerns eased about shipping disruptions along the Red Sea route even as tensions in the Middle East continued to rise. Brent crude futures inched up 2 cents to $79.75 a barrel by 0736 GMT, while U.S. WTI crude...


Oil prices slipped in Monday Asian morning trade as concerns about possible further U.S. interest rate hikes continue to rattle investors, though a recovery in Chinese demand and a weaker dollar provided some support. Brent crude futures fell 15 cents, or -0.18%, to $82.63 per barrel by 0132 GMT....


Oil prices extended losses into Asian trade on Thursday after a bigger-than-expected weekly build in U.S. crude stockpiles, while signs of easing demand in China also weighed. Crude prices had fallen about 1.5% in the prior session, cutting short a brief recovery as data pointed to increased U.S....


Oil Prices Slide as Red Sea Transport Disruptions Ease
Thursday, 28 December 2023 18:58 WIB | Oil

Oil prices fell around 1% on Thursday as concerns eased about shipping disruptions along the Red Sea route, even as tensions in the Middle East continue to fester. Front month February Brent crude futures were down 90 cents, about 1.1%, at $78.75 a barrel by 1141 GMT in subdued trade ahead of...


Oil prices climbed over 3% on Tuesday on hopes for growing fuel demand after China's central bank lowered a short-term lending rate for the first time in 10 months, boosting crude prices after steep losses the previous session. The rate cut is aimed at adding momentum to a hesitant post-pandemic...


Oil prices rose on Friday and were set to end the week modestly higher as talks over a potential ceasefire in Gaza were further complicated by the deaths of more than 100 Palestinians waiting for an aid delivery. Brent futures for April delivery rose 29 cents, or 0.4%, to $82.20 a barrel by 0118...


Oil prices rose on Monday after OPEC+ nations held their output targets steady ahead of a European Union ban and a G7 price cap which kicked in on Russian crude. At the same time, in a positive sign for fuel demand in the world’s top oil importer, more Chinese cities eased Covid-19 curbs over the...


Oil prices gained over $1 on Wednesday after U.S. inventories and fuel supplies tightened and as a warning from the Saudi energy minister to speculators raised the prospect of further OPEC+ output cuts. Brent crude futures last rose 68 cents, or 0.9%, to $77.52 a barrel by 0330 GMT, while the...


Oil prices pared losses on Friday, after falling sharply in early trade and by over 2% on Thursday on perceptions that the voluntary oil output cuts agreed by OPEC+ producers were underwhelming. Brent crude futures for February rose 6 cents, or 0.1%, to $80.92 a barrel by 0820 GMT. U.S. West...


Oil prices moved little on Friday amid growing concerns over a U.S. economic slowdown and a staggered recovery in China, but were headed for strong weekly gains as near-term supply remained constrained due to disruptions in Turkey. Softer-than-expected inflation data from China showed that local...


Oil Prices Log a Yearly Rise in Volatile 2022
Saturday, 31 December 2022 03:24 WIB | Energy

Oil futures ended higher Friday in the last trading session of 2022, posting an annual rise in a year that saw investors weigh supply fears triggered by Russia’s invasion of Ukraine against a wobbly global demand outlook and fears of a potential recession. West Texas Intermediate crude for...


Oil prices were little changed in Asian trading on Wednesday as weak demand and a recovery in supply limited the market's reaction to mounting geopolitical risk. The front-month March contract for Brent crude inched up 5 cents to $79.60 a barrel as at 0138 GMT. U.S. West Texas Intermediate crude...


Oil prices rose more than 2% in the first session of the New Year, boosted by potential disruption to Middle East supply after the latest attack on a container ship in the Red Sea and by Chinese demand hopes. Brent crude rose $1.72, or 2.2%, to $78.76 a barrel by 1115 GMT. U.S. West Texas...


Oil prices jumped more than $4 a barrel in early Asian trade on Monday, as dramatic military clashes between Israeli and Hamas forces over the weekend deepened political uncertainty across the Middle East. Brent crude rose $4.18, or 4.94%, to $88.76 a barrel by 0120 GMT, while U.S. West Texas...


Oil prices hit a two-week high on Thursday as pressure from the dollar eased, while record-high U.S. crude exports suggested that global oil demand remained robust despite recent economic headwinds. Crude prices extended gains into a third straight session, with markets largely looking past a...


Brent crude futures hovered just above $91 a barrel on Tuesday, as investors awaited a slew of macroeconomic data due later this week that could indicate whether Europe and the U.S. continue to hike interest rates. The international benchmark Brent contract added 64 cents to $91.28 a barrel at...


Oil Prices Fall on U.S. Crude Reserve Release
Tuesday, 14 February 2023 14:55 WIB | Energy

Oil prices fell on Tuesday after the U.S. government said it would release more crude from its Strategic Petroleum Reserve (SPR) as mandated by lawmakers, counter to expectations from some traders that the release could be cancelled or delayed. Brent crude futures fell by 43 cents, or 0.5%, to...


Oil Prices Fall on Demand Concerns After US Stock Build
Thursday, 21 December 2023 08:49 WIB | Oil

Oil prices fell on Thursday, as concerns over low demand following a surprise U.S. crude inventory build outweighed jitters over global trade disruptions and geopolitical tensions in the Middle East. Brent crude futures fell 65 cents, or 0.8%, to $79.05 a barrel by 0120 GMT while U.S. West Texas...


Oil Prices Fall on China Demand Worries
Monday, 11 March 2024 14:59 WIB | Oil

Oil prices extended last week's losses on Monday on concern about slow demand in China, although lingering geopolitical risk surrounding the Middle East and Russia limited the decline. Brent futures fell 12 cents, or 0.2%, to $81.96 a barrel as at 0723 GMT, while U.S. West Texas Intermediate...


Oil Prices Extend Multi-Month Highs on Supply Concerns
Wednesday, 13 September 2023 19:25 WIB | Oil

Oil prices extended 10-month highs on Wednesday, driven by expectations that crude supply will remain tight for the rest of the year. Saudi Arabia and Russia’s extension of 1.3 million barrels per day of crude oil production cuts to the end of this year will lock in a substantial market deficit...


Oil prices rose around 1% on Friday, extending gains from the previous trading session after data showed lower fuel inventories following a winter storm that hit the United States at the year end. Brent crude futures last gained 79 cents, or 1%, to $79.48 a barrel at 0203 GMT, after settling up...


Oil prices advanced on Tuesday, extending gains from the previous session, as attacks by Yemen’s Iran-aligned Houthi militants on ships in the Red Sea disrupted maritime trade and forced companies to reroute vessels. Brent crude futures rose 17 cents, or 0.2%, to $78.12 a barrel at 0112 GMT. The...


Oil prices rose on Friday, continuing an upward trend after OPEC+ this week agreed to tighten global supply with a deal to cut production targets by 2 million barrels per day (bpd). The cut from the Organization of Petroleum Exporting Countries and allies including Russia, together known as...


US crude futures drop 1.2% to end the day $70.04 a barrel, and finish with a 1.8% weekly decline, the market's fourth consecutive weekly drop. Prices saw plenty of ups and downs this week as investors initially were bullish on the commodity following last Friday's blockbuster US jobs report for...


Oil prices eased early on Thursday after a larger-than-expected build in U.S. crude stockpiles stoked worries about slow demand, while signs that U.S. interest rates could remain elevated for longer also added to pressure. Brent crude futures fell 22 cents, or 0.3%, to $83.46 a barrel by 0124...


Oil prices fell for a second session on Friday, weighed down by lingering concerns over slower global demand, but were still headed for a second consecutive weekly gain amid expectations of tightening supplies. Brent crude futures slid 33 cents, or 0.4%, to $89.59 a barrel by 0050 GMT, while U.S....


Oil prices edged lower on Monday after fresh Saudi and Russian crude output cuts had driven prices to 10-month highs last week. Saudi Arabia and Russia last week announced that they will extend voluntary supply cuts of a combined 1.3 million barrels per day (bpd) until the end of the year. Brent...


Oil prices extends losses on Wednesday as a much bigger-than-expected surge in the U.S. crude inventories and anticipation of further interest rate hikes sparked concerns over the prospect of weaker fuel demand and economic recession. Brent crude futures slid $1.08 cents, or 1.3%, to $84.48 per...


Oil prices slipped on Wednesday in quiet pre-U.S. Thanksgiving holiday trading, as the market awaited news on output cuts from the OPEC+ producers group and looked for confirmation of a sharp build-up in U.S. crude stocks. Brent crude futures fell 95 cents to $81.50 a barrel by 1149 GMT. U.S....


Oil prices fell slightly on Monday after weak business activity data from China pointed to worsening economic conditions in the world’s largest oil importer, although the prospect of more stimulus measures in the country kept losses limited. Prices were sitting on five straight weeks of gains,...


Oil prices rose in early Asia trade on Wednesday, recovering from the previous day's plunge, as a stronger OPEC outlook on China's demand helped offset bearish global investor sentiment in the wake of the recent U.S. bank failures. Brent crude futures climbed 62 cents, or 0.8%, to $78.07 a barrel...


Oil posted a third weekly loss as the European Union suspended talks over a Russian oil price cap amid disagreements between member states. West Texas Intermediate futures fell 2.1% to settle at $76.28 a barrel after trading in a more than $3 range on Friday. European diplomats...


Oil held gains after capping the longest winning run in more than four years as OPEC+ leaders extended supply cuts to the end of 2023 and industry estimates pointed to another draw in US crude inventories. West Texas Intermediate edged higher toward $88 a barrel after posting nine...



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