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WTI

West Texas Intermediate (WTI), futures on NYMEX, is up 0.28% in Thursday’s European session after a strong recovery from $77.60 ahead of key United States Personal Consumption Expenditure Price Index (PCE) for January, which will be published at 13:30 GMT. The monthly inflation data is forecast...


WTI Oil Gets an Indirect Boost from Bank of Japan
Wednesday, 21 December 2022 02:42 WIB | Commodity

The most-active US benchmark crude-oil contract for February delivery finishes 1.1% higher at $76.23 a barrel, helped by a weaker dollar that made overseas purchases of dollar-denominated crude more attractive to foreign buyers. "Crude prices got an unexpected boost from a surprising Bank of...


WTI Oil Finishes at a 4-Week-High on OPEC
Tuesday, 4 April 2023 01:36 WIB | Commodity

US crude prices finish 6.3% higher at $80.42 a barrel, the highest closing price since March 6, following a decision by Saudi Arabia and other OPEC-plus members to cut production by million barrels a day to offset weak US and global demand. The move to reduce supply came as data from the...


West Texas Intermediate (WTI) crude oil closed higher Thursday, rising off early weakness after the International Energy Agency said new supply is likely to rise above demand this year, pushing inventories higher, as investors chose to add risk amid a falling dollar and bearish economic data. WTI...


West Texas Intermediate (WTI), berjangka di NYMEX, telah bangkit kembali setelah tergelincir ke dekat level $82,00 pada hari Senin. Aset telah menyaksikan struktur single tail buying dan telah merebut kembali rintangan kritis $85,00. Harga minyak telah berbalik sideways sekarang di kisaran...


West Texas Intermediate (WTI) crude oil closed at the highest in 13 months on Wednesday as traders focus on supply concerns as US inventories fell last week. WTI crude for November delivery closed up US$3.29 to US$93.68 per barrel, the highest since Aug. 24, 2022, while November Brent crude, the...


West Texas Intermediate (WTI) crude oil closed higher on Monday on hopes for a recovery in demand from China as the country's government focuses on reviving growth next year despite rising Covid-19 infections following the removal of its zero-Covid quarantine policies. WTI crude for January...


West Texas Intermediate (WTI) crude oil rose for a fourth-straight session on Thursday on signs of higher demand after the Energy Information Administration a day earlier said inventories of refined products fell despite a rise in crude oil stocks, while Mideast tensions continue. West Texas...


West Texas Intermediate (WTI) closed higher for a fifth-straight day on demand hopes and geopolitical worries, though prices failed to break out of the range it has traded within for months. WTI crude oil for March delivery closed up US$0.62 to settle at US$76.84 per barrel, while April Brent...


West Texas Intermediate (WTI) crude oil rose on Friday even as Federal Reserve chair Jerome Powell said further interest-rate hikes could be coming if the US economy remains running hot WTI crude for October delivery closed up US$0.78 to settle at US$79.83 per barrel, while October Brent crude,...


West Texas Intermediate (WTI) crude oil closed at the highest since Dec.2 on Wednesday following a report that showed a larger than expected drop in US inventories while Saudi Arabia's oil minister said OPEC+ will continue to manage the market to support prices. WTI crude for January delivery...


West Texas Intermediate (WTI) crude oil closed up 2.8% on Wednesday after a report showed an unexpected drop in US oil inventories. WTI crude for April delivery closed up US$2.16 to settle at US$79.72 per barrel, while May Brent crude, the global benchmark, was last seen up US$2.00 to...


WTI crude oil remains inactive around $80.50, well-set for a three-week uptrend, as energy markets cheer the Good Friday holiday. In doing so, the black gold defends the week-start gains offered by the Organization of the Petroleum Exporting Countries (OPEC) and its allies led by Russia, known as...


West Texas Intermediate (WTI) crude oil closed at the lowest in two months on Tuesday as worries over a spreading war fade while Europe's inflation fell to the lowest in two years as the Euro Zone economy slows, cutting into demand. WTI crude for December delivery closed down US$1.29 to settle at...


West Texas Intermediate (WTI) crude oil fell off the highest in more than three months on Tuesday, dropping after three rising sessions on a rising dollar. WTI crude for September delivery closed seen down US$0.43 to settle at US$81.37 per barrel. September Brent crude, the global benchmark, was...


West Texas Intermediate (WTI) crude oil closed lower for the first time in eight sessions on Wednesday as a report showing an outsized rise in US inventories offset geopolitical tensions. WTI crude for March delivery closed down US$1.23 to settle at US$76.64 per barrel, while April Brent crude,...


West Texas Intermediate (WTI) crude oil closed lower on Thursday as a key US inflation measure fell more than expected last month. WTI crude for April delivery closed down US$0.28 to settle at US$78.86 per barrel, while April Brent crude, the global benchmark, was last seen down US$0.03 to...


West Texas Intermediate (WTI) crude oil closed higher on Friday as turmoil and war in the Middle East offset demand concerns following a big rise in US product inventories. WTI crude oil for February delivery closed up US$1.62 to settle at US$73.81 per barrel, while March Brent crude, the global...


West Texas Intermediate (WTI) crude oil closed higher on Thursday as geopolitical worries over potential Middle East supply disruptions after Iran seized a tanker in the Gulf of Oman, though demand concerns continue. WTI crude for February delivery closed up US$0.65 to settle at US$72.02 per...


West Texas Intermediate (WTI) crude oil closed lower on Friday following three days of gains that pushed prices 5.3% higher on tight supply following Saudi production cuts and a plunging dollar. WTI crude oil for August delivery closed down US$1.47 to settle at US$75.42 per barrel. September...


WTI Crude Futures Settle Higher
Saturday, 24 December 2022 02:42 WIB | Commodity

U.S. oil prices rose on Friday amid investors' concern over supply. The West Texas Intermediate (WTI) for February delivery increased 2.07 U.S. dollars to settle at 79.56 dollars a barrel on the New York Mercantile Exchange. Source : Bloomberg


West Texas Intermediate (WTI) crude oil closed higher on Tuesday on supply worries even as the dollar rose to the highest since November. WTI crude for November delivery closed up US$0.71 to settle at US$90.39 per barrel, while November Brent crude, the global benchmark, was last seen up US$0.75...


West Texas Intermediate (WTI) crude closed with a third-straight loss on Wednesday, surrendering early gains as worries over a widening Middle East war faded and US inventories rose. WTI crude for December delivery closed down US$0.58 to settle at US$80.44 per barrel, the lowest in two months,...


Minyak stabil pada hari Selasa (24/8) setelah melonjak lebih dari 5% di tengah reli pasar yang lebih luas, dengan Covid-19 yang terus membebani pasar. Kontrak berjangka di New York diperdagangkan mendekati $66 per barel setelah melonjak untuk pertama kalinya dalam delapan sesi pada hari Senin,...


Harga minyak berayun setelah para pemimpin Uni Eropa menghindari tindakan baru untuk memangkas impor minyak mentah Rusia dan pedagang mempertimbangkan prospek permintaan. Minyak mentah West Texas Intermediate (WTI) naik tipis setelah jatuh lebih dari 2% pada hari Kamis. Para pemimpin Uni Eropa,...


Oil futures declined on Wednesday, with U.S. prices settling at their lowest in roughly three weeks. “Prices remain in negative territory, with various geopolitical influences — from an oil tanker being hit by a bomb-carrying drone off the coast of Oman, to Russia tensions — being largely...


U.S. oil prices post highest finish in more than a week
Wednesday, 30 August 2023 01:30 WIB | Oil

U.S. oil futures gained on Tuesday, settling at their highest in more than a week, as traders continued to monitor Hurricane Idalia's path and its potential impact on energy operations in the Gulf of Mexico. West Texas Intermediate crude for October delivery climbed $1.06, or 1.3%, to settle at...


Oil futures fell for a second straight session on Thursday, with U.S. prices down by nearly 5% to settle at their lowest since the end of September, FactSet data show. “Stagflationary economic data, rising COVID cases in China, and hawkish [Federal Reserve] chatter have all been added headwinds...


Prices for U.S. benchmark oil futures ended lower on Thursday for a third consecutive session, pressured by a more than 10 million-barrel weekly rise in domestic crude supplies and climb in U.S. production to its highest on record. "Iran is the big wild card" when it comes to the Israel-Gaza war....


U.S. Oil Futures Settle With A Loss Of Nearly 2%
Wednesday, 25 January 2023 02:42 WIB | Commodity

Oil futures finished lower on Tuesday, with U.S. prices down nearly 2% as traders weighed demand expectations following the latest U.S. economic data. “Crude prices tumbled after a steady dose of bad news from the economy: both manufacturing and service sectors remained in contraction territory...


U.S. oil futures settled slightly higher on Thursday and tallied a third consecutive weekly gain for the holiday-shortened trading week. It seems that West Texas Intermediate crude “isn’t going to budge from the $80 a barrel level, even as the headlines suggest the U.S. economy is quickly...


U.S. oil futures settled higher for a fourth session in a row on Tuesday, at their highest since January, with prices continuing to find support after Sunday’s surprise OPEC+ decision to cut production by more than 1 million barrels a day, on top of output reductions already in place. The...


U.S. Oil Futures Settle At Lowest Since Mid-November
Tuesday, 5 December 2023 02:40 WIB | Oil

Oil futures on Monday posted a third-straight session decline, with U.S. prices settling at their lowest since mid-November. Oil prices have remained under pressure on concerns over slowing demand, as well as some skepticism that the OPEC+ output cuts will hold, and the fact that U.S. production...


U.S. oil futures settle at highest since January
Wednesday, 12 April 2023 01:33 WIB | Energy

Oil futures climbed on Tuesday, with U.S. prices settling at their highest since January a day after posting the lowest finish in more than a week. The oil market is "now stuck between two competing narratives," said Troy Vincent, senior market analyst at DTN. "On the bullish side, you have hopes...


U.S. Oil Futures Settle At A 2-Week High
Friday, 3 March 2023 02:28 WIB | Commodity

U.S. benchmark crude-oil prices on Thursday marked their highest settlement in two weeks. “Optimism surrounding China’s economic recovery are offsetting more hot inflation data in Europe and the U.S.,” which sparked further hawkish money flows in morning trade, said Tyler Richey, co-editor at...


U.S. oil futures finished higher on Monday, finding support as supply concerns resurfaced. “Recession or not, people still need to fill their gas tanks,” so trading sentiment has shifted from macro factors to supply concerns, said Manish Raj, chief financial officer at Velandera Energy...


Oil futures declined on Monday, with U.S. benchmark crude posting its lowest settlement since mid-March. “Disappointing economic numbers out of China continue to be a concern given the country’s outsized influence in expected crude demand growth this year,” said Robbie Fraser, manager, global...


U.S. Oil Futures Post A Sixth Straight Session Loss
Thursday, 23 February 2023 02:29 WIB | Commodity

Oil prices declined on Wednesday, with U.S. prices down a sixth session in a row. “There appears to be a growing sense that central bankers are not done tightening monetary policy, which could cut into resource demand in the future,” said Colin Cieszynski, chief market strategist at SIA Wealth...


U.S. benchmark crude-oil prices on Wednesday settled at their highest in almost two weeks, after the Energy Information Administration reported a 1.2 million-barrel weekly rise in U.S. crude inventories. That marked a 10th straight weekly rise, but the smallest weekly increase in five weeks. Oil...


Oil futures settled modestly lower on Wednesday, with U.S. prices posting a loss for the first time in five sessions. Oil markets have priced in the initial shock of the announced OPEC+ production cuts, but prices could continue higher “if demand surprises to the high side as we move into the...


Oil futures post a slight gain on Wednesday, with U.S. benchmark West Texas Intermediate prices holding above the key $80 level for a fifth consecutive session. The modest move up for prices came after the Energy Information Administration reported a 500,000-barrel weekly climb in U.S. crude...


U.S. oil futures settled higher on Friday, but prices based on the front-month contract lost more than 2% for the week, according to Dow Jones Market Data. “There continues to be a battle royale between supply and demand, with OPEC+ cutting production, led by Saudi Arabia, while Chinese economic...


U.S. oil futures settled higher on Thursday, recouping about half of the loss from a day earlier that pulled prices below $80 a barrel. Crude-oil prices saw a modest rebound from recent lows as “markets try to draw a line between how strong future Chinese demand is likely to be, against a...


Oil futures climbed on Thursday, buoyed by some signs of higher oil demand from China and strength in U.S. gasoline demand for the summer driving season, analysts said. July West Texas Intermediate crude gained $2.35, or 3.4%, to settle at $70.62 a barrel on the New York Mercantile...


Minyak terus naik setelah mengalami kenaikan satu hari terbesarnya karena Presiden AS Donald Trump memasuki perang harga antara Arab Saudi dan Rusia yang telah mengguncang pasar minyak mentah di tengah menyusutnya permintaan. Kontrak berjangka di New York meningkat sebanyak 5,7% menyusul lonjakan...


Minyak naik setelah mendapatkan kuartal terbaiknya dalam hampir tiga dekade menyusul laporan yang menunjuk pada penurunan pertama dalam stok minyak mentah AS sejak Mei. Kontrak berjangka di New York naik menuju $ 40 per barel setelah ditutup turun 1,1% pada hari Selasa. American Petroleum...


Minyak turun karena penyebaran varian Covid-19 baru dan lockdown meningkatkan kekhawatiran tentang pemulihan jangka pendek dalam permintaan bahan bakar. Kontrak berjangka di New York turun menuju $ 52 per barel setelah penurunan terbesar dalam hampir seminggu pada hari Kamis. Varian virus yang...


Minyak menuju kerugian mingguan karena investor mempertimbangkan krisis di Ukraina dan kemungkinan bahwa kesepakatan nuklir Iran dapat dihidupkan kembali. Minyak mentah West Texas Intermediate (WTI) stabil di dekat $92 per barel di awal perdagangan Asia setelah berakhir 2% lebih rendah pada hari...


Minyak turun karena para investor mempertimbangkan ancaman terhadap pasokan di tengah perang di Ukraina, dengan Presiden Joe Biden bersiap untuk mengatasi krisis dalam perjalanan ke Brussels yang mungkin melihat langkah untuk mengekang ketergantungan pada energi Rusia. Minyak mentah West Texas...


Minyak turun dari level tertinggi tujuh bulan pada hari Kamis karena tanda-tanda peningkatan pasokan membantu menghentikan reli yang didorong oleh optimisme bahwa vaksin COVID-19 akan menghidupkan kembali permintaan bahan bakar. Minyak mentah berjangka Brent telah naik menjadi hampir $ 50 per...


Minyak turun untuk hari kedua karena awal minggu yang panas diredam, dengan pasar menilai kembali potensi permintaan yang tertekan oleh omicron. Kontrak berjangka di New York turun menuju $70 per barel setelah meluncur 2% pada hari Kamis dengan aset keuangan lainnya. Permintaan minyak sejauh ini...


Minyak mentah mereda pada laporan yang menunjukkan persediaan AS naik untuk minggu kedua, pasca rally tajam setelah langkah A.S. untuk menunda tarif beberapa barang China. Harga menghapus beberapa keuntungan setelah American Petroleum Institute dikatakan menemukan bahwa pasokan minyak mentah AS...


Rebound harga minyak yang baru terjadi bergejolak setelah provinsi Hubei China melaporkan hampir 15.000 kasus virus corona baru ketika mengubah metode untuk menghitung infeksi. Pemerintah provinsi yang menjadi pusat wabah mengatakan telah melakukan peninjauan terhadap kasus-kasus yang dicurigai...


Harga minyak naik tipis pada hari Rabu (29/12) pasca reli semalam karena data industri menunjukkan penurunan persediaan AS, meningkatkan sentimen permintaan. Minyak mentah Brent naik 16 sen, atau 0,2%, pada $79,10 per barel pada 0441 GMT. Minyak mentah West Texas Intermediate (WTI) AS naik 5 sen,...


Minyak turun, menipiskan kenaikan minggu ini, karena kekhawatiran baru tentang dampak virus corona dibayangi harapan bahwa upaya stimulus China akan meredam tekanan terhadap permintaan. Kontrak berjangka di New York turun 1,6%, namun tetap sekitar 2% lebih tinggi minggu ini setelah China, Korea...


Minyak stabil setelah kenaikan satu hari terbesar tahun ini karena investor merangkul aset berisiko dan perkiraan industri menunjukkan penarikan lain dalam stok AS. Minyak mentah West Texas Intermediate (WTI) diperdagangkan di atas $81 per barel setelah reli 3,8% pada hari Selasa. American...


Harga minyak turun pada hari Senin karena pemerintah meningkatkan penguncian untuk membatasi penyebaran wabah virus corona global yang telah memangkas prospek permintaan minyak dan mengancam kontraksi ekonomi global. Minyak mentah berjangka Brent turun $ 1,09, atau 4%, ke level $ 25,89 per barel...


Pasar minyak dibayangi dengan ketidakpastian atas berapa lama waktu yang dibutuhkan Arab Saudi untuk memulihkan output setelah serangan dahsyat yang melumpuhkan 5% dari pasokan minyak mentah global. Karena produsen minyak negara Saudi Aramco bergerak kurang optimis bahwa akan ada pemulihan yang...


Harga minyak membalikkan beberapa kerugian pada hari Senin, tetapi masih turun setelah OPEC+ mengatasi perpecahan internal dan setuju untuk meningkatkan produksi, yang memicu kekhawatiran tentang surplus minyak mentah karena infeksi COVID-19 terus meningkat di banyak negara. Minyak mentah Brent...


Oil fell as the European Union considered a higher-than-expected price cap on Russian crude and signs of a global slowdown increased. West Texas Intermediate dropped toward $77 a barrel after losing almost 4% in the previous session. EU officials discussed setting...


Oil prices extended gains for a second session on Friday as the prospect of lower exports from Russia offset rising inventories in the United States. Brent crude futures rose 66 cents, or 0.8%, to $82.87 per barrel by 0715 GMT. West Texas Intermediate crude futures (WTI) rose 62 cents, or 0.8%,...


Oil prices edged higher on Tuesday following a more than 1% drop in the previous session as escalating tensions in major producing region the Middle East fuelled supply concerns, though a bleak Chinese economic outlook limited gains. March Brent crude futures , which are due to expire on...


Oil prices rose more than 1% on Tuesday, paring losses from the previous session, as a weaker U.S. dollar offset widening COVID-19 curbs in China that have stoked fears of slowing fuel demand in the world's second-largest oil consumer. Brent crude for January delivery rose $1.53, or 1.7%, to...


Oil prices rebounded slightly on Wednesday after four days of declines as signs of supply tightness amid output cuts by major producers overrode demand concerns in China and the U.S., the world's two biggest crude consumers. Brent crude futures were up 53 cents, or 0.65%, to $82.57 a barrel at...


Oil prices ticked higher on Tuesday as markets weighed supply cuts for August by top exporters Saudi Arabia and Russia against a weak global economic outlook. On Monday, Saudi Arabia said it would extend its voluntary output cut of 1 million barrels per day (bpd) to August, while Russia and...


Minyak naik tipis setelah penurunan terbesar dalam hampir dua minggu karena membengkaknya stok minyak mentah AS dan lonjakan kasus coronavirus di seluruh negara meningkatkan kekhawatiran tentang permintaan di ekonomi terbesar dunia. Minyak berjangka di New York turun di bawah $ 38 per barel...


Harga minyak turun untuk hari kedua berturut-turut pada hari Kamis di tengah penurunan luas di pasar global setelah Amerika Serikat melarang perjalanan dari Eropa menyusul keputusan Organisasi Kesehatan Dunia untuk menyatakan wabah koronavirus sebagai pandemi. Kemerosotan minyak sedang diperparah...


Oil held near the highest close in five months on signs of a tighter global market as traders waited for a monthly outlook from OPEC. West Texas Intermediate traded above $83 a barrel after advancing by 4.4% over the prior two days. The gains were driven by another drop in...


Oil prices traded flat on Tuesday as worries that further possible U.S. interest rate hikes could pull down demand were countered by concerns a tropical storm off the U.S. Gulf Coast may impact supply. Brent crude was flat at $84.42 a barrel by 0335 GMT, while U.S. West Texas Intermediate crude...


Oil edged higher on Wednesday as investors grappled with the prospect of supply disruptions due to the Middle East turmoil. Brent crude rose 25 cents, or 0.3%, to $87.90 a barrel by 0550 GMT. U.S. West Texas Intermediate (WTI) crude rose 24 cents, also 0.3%, to $86.21 a barrel. Brent and WTI...


Oil rose as traders awaited further details of a plan to cap Russian crude prices and industry data showed a drop in US stockpiles. West Texas Intermediate climbed above $81 a barrel, after gaining about 1% the previous session. European Union ambassadors may meet later Wednesday to...


Oil edged higher before a Federal Reserve monetary-policy decision and guidance from producer group OPEC and its allies. West Texas Intermediate rose above $79 a barrel after gaining more than 1% on Tuesday. While the US central bank is expected to deliver another interest-rate hike at...


Oil fluctuated as traders took stock of China’s calibrated efforts to stimulate the economy and prepared for commentary from the head of the US Federal Reserve that may flag further monetary tightening. West Texas Intermediate for August delivery edged higher to trade above $71 a barrel...


Oil headed for a second weekly drop as optimism over a recovery in Chinese demand dimmed and US stockpiles kept rising. West Texas Intermediate fell toward $75 a barrel, set for a loss of about 5% this week. The China reopening trade for commodities has flagged amid questions...


Oil prices held steady on Monday, with market caution heightened by waning demand in the United States and China as well as mixed signals from the U.S. Federal Reserve. Brent crude futures for January were up 19 cents at $81.62 a barrel by 1250 GMT, having lost $1 in early trading, while U.S....


Oil was steady near a five-month low with oversupply concerns in focus after OPEC+’s pledges to extend and deepen output cuts failed to halt a slump in prices. West Texas Intermediate traded above $71 a barrel, while global benchmark Brent was near $76. Skepticism that alliance members will...


Oil was steady after closing at a three-week high on escalating tensions in the Middle East, with the US and the Iranian-backed Houthis trading tit-for-tat strikes that have upended the global shipping market. West Texas Intermediate held near $74 a barrel after jumping more than 2% on...


Oil was steady after closing at a three-week high on escalating tensions in the Middle East, with the US and the Iranian-backed Houthis trading tit-for-tat strikes that have roiled global shipping. Brent held near $79 a barrel after rising by 1.6% on Thursday, while West Texas...


Oil was steady as continued Houthi attacks on ships in the Red Sea that are keeping tensions high in the Middle East were offset by a shaky global economic outlook and gains in the dollar. Global benchmark Brent held above $78 a barrel after edging 0.2% lower on Monday, while West Texas...


Oil prices steadied on Wednesday as industry data showed an unexpected draw in {{8849|U.S. crcrude oil inventories, after the market tumbled in the previous session on fears that more aggressive U.S. interest rate hikes would hit demand. Brent crude futures rose 18 cents, or 0.2%, to $83.47 per...


Oil prices were little changed on Thursday after a two-day decline, including a sharp drop on Wednesday, as a U.S. government credit downgrade weighed on sentiment, though concerns around supply tightness provided some support. Ratings agency Fitch downgraded the main U.S. credit rating, the...


Oil Steady As Market Awaits China GDP Data
Monday, 17 April 2023 15:21 WIB | Commodity

Oil prices were steady on Monday as investors eyed Chinese economic data for signs of demand recovery in the world's second-largest oil consumer. Brent crude futures nudged 7 cents lower to $86.24 a barrel by 0746 GMT, while U.S. West Texas Intermediate crude was at $82.47 a barrel, down 6...


Oil prices were roughly unchanged on Monday as investors weighed the prospect of tighter supplies from OPEC+ producers from May against concerns about weakening global growth that may dampen fuel demand. Brent crude futures slipped 5 cents to $85.07 a barrel by 0237 GMT, while U.S. West Texas...


Oil Steady Amid OPEC+ Supply Cut Expectations
Monday, 4 September 2023 15:09 WIB | Oil

Oil prices were stable on Monday amid expectations that major producers would keep supplies tight, as hopes grew for the Federal Reserve to leave interest rates unchanged to avoid dampening the U.S. economy. Brent crude futures for November crept 16 cents higher to $88.71 a barrel by 0800 GMT....


Oil prices steadied on Thursday, having hit their lowest since late 2021 earlier this week, as strong U.S. jobs data countered bearish signals from Fed Chair Jerome Powell highlighting banking sector risks and swelling U.S. crude stockpiles. Brent crude futures were up 1 cent, or 0.01%, at $76.70...


Oil futures were slightly higher early Monday, flipping between small gains and losses as traders monitored talks to lift the U.S. government’s debt ceiling and avert a default. West Texas Intermediate crude for June delivery rose 10 cents or 0.1%, to $71.65 a barrel on the New York Mercantile...


Oil futures traded slightly higher early Thursday after shaking off a seventh straight weekly rise in U.S. crude inventories during the previous session. West Texas Intermediate crude for March delivery rose 6 cents, or 0.1%, to $78.53 a barrel on the New York Mercantile Exchange. April Brent...


Oil steadied as traders weighed heightened tensions in the Middle East, including another vessel attack near Yemen, and mixed signals on US crude and product stockpiles.  West Texas Intermediate held below $73 a barrel, after ending modestly higher on Wednesday, while Brent was near...


Oil prices were little changed on Tuesday as traders weighed a host of conflicting supply and demand worries, from rising tensions in the Middle East to cold weather woes disrupting production in the United States. Brent crude futures added 2 cents to $80.08 a barrel by 0702 GMT, while U.S. West...


Oil prices steadied on Tuesday after a more than $1 slide on Monday amid hopes the U.S. would ease sanctions on producer Venezuela and as Washington stepped up efforts to prevent an escalation of the war between Israel and Hamas. Brent crude futures were up 16 cents at $89.81 a barrel, while U.S....


Oil hovered around three-month highs on Tuesday as investors focused on tightening global supplies and demand growth in the second half of the year. Brent crude futures for October were at $85.43 a barrel at 1152 GMT, down 20 cents. Front-month Brent settled at its highest since April 13 on...


Oil steadied as equity markets ticked higher and traders waited for the next set of clues on the outlook for crude demand in the US and China. West Texas Intermediate traded near $80 a barrel after gaining 1.5% over the past three sessions, the longest run of gains since late July. The...


Oil steadied in Asia after jumping almost 3% on Wednesday as optimism the US would resolve its debt-ceiling impasse triggered broad gains in financial markets, offsetting a largely bearish US stockpile report. West Texas Intermediate futures traded near $73 a barrel after the biggest daily...


Oil steadied in Asia after jumping almost 3% on Wednesday as optimism the US would resolve its debt-ceiling impasse triggered broad gains in financial markets, offsetting a largely bearish US stockpile report. West Texas Intermediate futures traded below $73 a barrel after the biggest daily...


Oil steadied as investors juggled signs of tighter supplies with elevated tensions in the Middle East and a still-shaky demand outlook. West Texas Intermediate edged higher above $77 a barrel after dropping 1.8% on Tuesday from Friday’s close. Brent was near $82. OPEC+ producer Russia met...


Oil steadied as the International Energy Agency indicated the market isn’t as tight as previously expected, even as demand continues to climb. Brent traded just under $83 a barrel. The global benchmark is still up more than 3% from its closing price on Nov. 8, when it settled at the lowest...


Oil held a gain as China announced measures to boost its stock and property markets, helping offset concerns about increased supply and monetary tightening in the US and Europe. West Texas Intermediate traded around $80 a barrel after closing 1% higher on Friday. The...


Oil steadied ahead of an OPEC+ review of the global crude market and a weekly update of US stockpiles. West Texas Intermediate was little changed above $89 a barrel, after the US benchmark swung by more than $2.50 a barrel on Tuesday before ending modestly higher. The alliance’s Joint...


Oil steadied ahead of an OPEC+ review of the global crude market and a weekly update of US stockpiles. West Texas Intermediate was little changed near $89 a barrel, after the US benchmark swung by more than $2.50 a barrel on Tuesday before ending modestly higher. The alliance’s Joint...


Oil steadied after a volatile session on Monday as investors juggled a clouded supply outlook together with concerns over weaker demand in virus-hit China. West Texas Intermediate held near $80 a barrel in early Asian trading after swinging in a $5 arc in the week’s opening session....


Oil steadied after growing concerns over weakening demand sparked the sharpest one-day plunge in a year. West Texas Intermediate traded near $84 a barrel after sinking 5.6% on Wednesday. The drop came after official US data showed the weakest seasonal demand for gasoline in 25...


Oil steadied in Asia after tumbling almost 4% on Tuesday as rising production from Russia and the US added to concerns the market is becoming oversupplied. West Texas Intermediate traded below $69 a barrel, while global benchmark Brent was near $73. The weekly average...


Oil held near the highest close since January as traders tracked supply constraints and a US industry report pointed to another decline in crude holdings at the nation’s key storage hub. West Texas Intermediate traded above $81 a barrel after rallying by 2.2% on Tuesday. Shipments from...


Oil held near the highest close since January as traders tracked supply constraints and a US industry report pointed to another decline in crude holdings at the nation’s key storage hub. West Texas Intermediate traded above $81 a barrel after rallying by 2.2% on Tuesday. Shipments from...


Oil prices were little changed on Monday following the widely expected extension of voluntary output cuts through the middle of the year by the OPEC+ producer group on Sunday. Brent futures slipped 14 cents to $83.41 a barrel at 1035 GMT after rising 2.4% last week. U.S. West Texas Intermediate...


Oil was steady after its longest weekly losing streak in five years that’s been driven by signs supply is starting to run ahead of demand. Brent traded below $76 a barrel, after logging seven weeks of declines, while West Texas Intermediate was near $71. A US plan to refill the Strategic...


Oil prices steadied in early Asian trade on Tuesday after falling by more than 2% in the previous session on the threat of further interest rate hikes and continued Russian crude flows. Brent crude futures gained 28 cents to $85.18 per barrel by 0155 GMT, while U.S. West Texas Intermediate (WTI)...


Oil steadied after slipping to a three-week low on Monday as traders waited for more clues on Chinese demand, a midweek policy decision from the Federal Reserve and the latest guidance from OPEC+. West Texas Intermediate held near $78 a barrel after retreating by more than 2% on Monday....


Oil Steadied as Slowdown Concerns Take Center Stage
Thursday, 13 October 2022 12:14 WIB | Energy

Oil steadied after three days of declines as investors weighed a hawkish set of minutes from the Federal Reserve and an industry report that pointed to a substantial build in US crude inventories. West Texas Intermediate traded above $87 a barrel, holding a drop of almost 6% over the...


Oil prices steadied on Thursday as markets shrugged off deflationary indicators in China and looked for further clues on the status of demand from the world's two biggest oil consumers. Brent crude futures rose 8 cents, or 0.1%, to $79.62 a barrel by 0500 GMT. U.S. West Texas Intermediate (WTI)...


Oil Slips; Investors Eye Mideast Developments
Monday, 15 January 2024 09:34 WIB | Oil

Oil prices slipped on Monday with traders watching out for supply disruption risk in the Middle East following strikes by U.S. and British forces to stop Houthi militia in Yemen from attacking ships in the Red Sea. Brent crude futures fell 31 cents, or 0.4%, to $77.98 a barrel by 0124 GMT after...


Oil Slips On Further US Rate Hike Concerns
Monday, 3 July 2023 15:41 WIB | Oil

Oil slipped on Monday as concerns about a global economic slowdown and possible further interest rate hikes from the U.S. Federal Reserve weighed on prices, offsetting forecasts of tighter supplies and OPEC+ output cuts. Fears of a further slowdown hurting fuel demand grew after data on Friday...


Oil prices fell about 1% on Thursday as the United States eased sanctions on Venezuela to allow more oil to flow globally, but fears that Israel's military campaign in Gaza may escalate to a regional conflict kept a lid on losses. Brent futures for December were down $1, or 1.1%, to $90.50 a...


Oil slipped on Tuesday as investor concern over the risk of a U.S. debt default was balanced by support from a tighter market due to a seasonal rise in gasoline demand and supply cuts from OPEC+ producers. President Joe Biden and House Speaker Kevin McCarthy ended talks on Monday with no...


Oil prices slipped on Monday as economic worries over further interest rate hikes trumped a tentative debt ceiling deal reached in the U.S., possibly averting a default in the world's largest economy and oil consumer. Brent crude futures slipped 68 cents, or 0.8%, to $76.27 a barrel by 1350 GMT,...


Oil fell again as the European Union considered a higher-than-expected price cap on Russian crude and signs of challenges to demand increased, with record Covid cases in China and risks of a recession in the US. West Texas Intermediate dropped below $78 a barrel after losing almost 4%...


Oil sank again following the biggest weekly decline since August as China tightened anti-Covid curbs, hurting the outlook for demand. Global benchmark Brent fell below $87 a barrel after retreating by almost 9% last week. The country saw its first Covid-related death in almost six months on...


Global benchmark Brent settled at an 11-week high as supply outages tightened the physical market.  Libya’s second-biggest oil field is in the process of shutting amid protests there. The outage of the roughly 250,000 barrel-a-day Sharara field follows disruptions at the country’s...


Oil headed for a second weekly loss after a volatile period of trading as concerns over a global economic slowdown hang over the market. West Texas Intermediate futures were little changed near $84 a barrel in early Asian trading on Friday. Investors are juggling slowdown fears against...


Oil is set to end a volatile year modestly higher as investors weigh the outlook for Chinese demand post-Covid Zero and the prospect for a further deterioration in Russian relations in 2023. West Texas Intermediate futures traded above $78 a barrel in the final session of 2022 and are up...


Oil prices rose on Friday after the OPEC+ group's decision to keep its production policy unchanged, but benchmarks remained on track for weekly losses on China demand growth fears. Brent crude futures were up 50 cents, or 0.6%, at $79.20 a barrel by 1001 GMT and U.S. West Texas Intermediate crude...


Oil headed for the biggest weekly loss since early February as the prospect of further and potentially faster interest-rate hikes from the Federal Reserve weighed on the outlook for energy demand. West Texas Intermediate futures fell for a fourth session, toward $75 a barrel, and are down...


Oil headed for a second weekly drop as optimism over a recovery in Chinese demand failed to gain traction and US stockpiles increased again. West Texas Intermediate held below $76 a barrel, set for a loss of almost 5% this week. The China reopening trade for commodities...


Oil prices eased on Friday but were set for their biggest weekly gain since October as positive U.S. economic growth and signs of Chinese stimulus boosted fuel demand sentiment. Brent crude futures were down 47 cents, or 0.57%, to $81.96 a barrel by 0715 GMT. U.S. West Texas Intermediate crude...


Oil headed for a weekly gain as a bullish outlook for Chinese demand outweighed lingering concerns over a global economic slowdown. West Texas Intermediate futures dipped below $78 a barrel on Friday, but are still up around 6% for the week. The market is still waiting for a sustained...


Oil headed for a third weekly loss as the European Union weighs a higher-than-expected price cap on flows of Russian crude and slowdown concerns threaten the outlook for energy demand. West Texas Intermediate futures traded below $78 a barrel, putting them on course for a drop of almost...


Oil headed for a third weekly loss as the European Union weighed a higher-than-expected price cap on Russian crude and slowdown concerns threatened the demand outlook. Brent traded below $86 a barrel, putting the global benchmark on course for a drop of more than 2% this week. European...


Oil headed for a third straight weekly drop on growing demand concerns and the unwinding of its war-risk premium, with Saudi Arabia blaming speculators for the decline.  West Texas Intermediate was steady near $76 a barrel on Friday and is down around 6% for the week. Prices edged...


Oil headed for a third straight weekly drop on growing concerns over global demand and the unwinding of the war-risk premium, while Saudi Arabia blamed speculators for the decline.  Global benchmark Brent crude edged higher past $80 a barrel on Friday, but is down around 5% this week....


Oil headed for a weekly loss of around 10% after a volatile period of trading as concerns over the economic outlook overshadowed an easing of China’s strict virus curbs and a disruption to US crude flows. While West Texas Intermediate futures edged higher to trade near $72 a barrel...


Oil was poised to eke out its first weekly gain in almost two months after dovish signals from the Federal Reserve on Wednesday unleashed a bullish pulse across markets. West Texas Intermediate traded below $72 a barrel after rising more than 4% in the previous two sessions, with global...


Oil was poised to eke out its first weekly gain in almost two months after dovish signals from the Federal Reserve on Wednesday unleashed a bullish pulse across markets. Global benchmark Brent traded near $77 a barrel after rising more than 4% in the prior two sessions, with West Texas...


Oil headed for its first weekly advance in more than a month on optimism that the US will avert a catastrophic debt default. West Texas Intermediate futures traded near $72 a barrel and are around 3% higher for the week. House Speaker Kevin McCarthy said negotiators may reach...


Oil headed for its first weekly advance in more than a month on optimism that the US will avert a catastrophic debt default. West Texas Intermediate futures climbed above $72 a barrel and are 3.2% higher for the week. House Speaker Kevin McCarthy said negotiators may reach...


Oil was on track for a third weekly gain as supply tightness spearheaded by Saudi Arabian production cuts combines with optimism that the Chinese economy is finally turning a corner. Saudi Arabia, boosted by OPEC+ partner Russia, this month extended 1.3 million barrels per day (bpd) of combined...


Oil prices were stable on Friday but both benchmarks were headed for a weekly loss on worries over weak economic outlooks in China, Europe and the United States weighing on oil demand. Brent crude futures were at $76.16 a barrel, up 1 cent, at 0919 GMT. Brent hit a 2022 low this week. U.S. West...


Oil prices edged up on Friday and were set to end the week modestly higher as markets awaited an OPEC+ decision on supply agreements for the second quarter amid differing demand indicators for key consumers U.S. and China. Brent futures for May climbed 31 cents, or 0.38%, to $82.22 a barrel by...


Oil Rises On Red Sea Jitters, Ample Supply Weighs
Monday, 18 December 2023 19:03 WIB | Oil

Oil rose on Monday as attacks by the Houthis on ships in the Red Sea raised concerns of oil supply disruptions, although scepticism around Russia's plan to cut exports in December limited gains. BP has temporarily paused all transits through the Red Sea, it said on Monday, following attacks over...


Oil prices rose on Thursday, reversing earlier losses, as a potential pause in U.S. interest rate hikes and the debt ceiling bill passing a crucial vote renewed optimism about further fuel demand growth in the world's biggest oil consumer. Brent crude futures for August rose 32 cents, or 0.44% to...


Oil prices inched up on Tuesday on expectations of healthy market fundamentals, following an OPEC report saying demand remains strong, and concerns that supplies might be disrupted as the U.S. cracks down on Russian oil exports. Brent crude futures gained 23 cents, or 0.28%, to $82.75 a barrel by...


Oil Rises On Expectations Of Further OPEC+ Supply Cuts
Monday, 20 November 2023 19:08 WIB | Oil

Oil futures rose more than $1 on Monday, extending gains on the prospect of OPEC+ deepening supply cuts to shore up prices after four weeks of decline on demand worries and concern over Middle East supply disruption owing to the Israel-Hamas conflict. Brent crude futures rose $1.18 to $81.79 a...


Oil prices firmed on Friday as a meeting between Saudi Arabia and Russia calmed markets and after support measures stabilised a banking crisis that set oil prices on course for their biggest weekly fall since December. Brent crude futures firmed by $1.09, or 1.46%, to $75.79 a barrel by 1040 GMT....


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 were up $1.74, or 2.15%, to $82.73 per barrel by...


Oil rose about 1% on Thursday supported by optimism over China's demand outlook and hopes that upcoming inflation data from the United States will point to a slower increase in interest rates. Top oil importer China is reopening its economy after the end of strict COVID-19 curbs, boosting...


Oil advanced from a five-month low on positive demand signals including a drop in US inventories and signs the Federal Reserve is preparing to cut interest rates. West Texas Intermediate rose toward $70 a barrel, after climbing 1.3% on Wednesday from its lowest since late June. Global...


Oil Rises For Third Day As Rate Hike Concerns Ease
Wednesday, 8 February 2023 18:19 WIB | Commodity

Oil rose for a third straight day on Wednesday as investor concern eased about U.S. interest rate hikes and an industry report pointed to a drop in U.S. crude inventories. Comments from U.S. Federal Reserve Chair Jerome Powell on Tuesday were seen as less hawkish than feared, boosting risk...


Oil prices were up on Friday after the U.S. tightened its sanctions programme against Russian crude exports, raising supply concerns in an already tight market, and global inventories are forecast to decline through the fourth quarter. Brent futures rose 94 cents, or 1.1%, to $86.94 per barrel....


Oil edged up on Wednesday after a larger-than-expected drop in U.S. inventories suggested robust demand and helped offset worries over interest rate hikes. Crude stocks fell by about 2.4 million barrels, market sources said, citing data from industry group American Petroleum Institute (API). The...


Oil prices rose further on Wednesday after data indicated that U.S. crude inventories shrank substantially in the past week, although the introduction of new anti-COVID curbs in major Chinese cities put a lid on gains. Data from the American Petroleum Institute showed that U.S. crude stockpiles...


Oil edged higher on Wednesday as tighter supply arising from output cuts by Saudi Arabia and Russia offset concerns over slow demand from top crude importer China and a report showing rising U.S. crude inventories. Saudi Arabia's cabinet said on Tuesday that it reaffirms its support for...


Oil rose amid indications that Russian crude production is dropping, signaling the market’s supply glut may be coming to an end.  Average shipments for Russian crude have dropped below their February averages, according to fresh data, a key development in a market that has been...


Oil prices rose on Tuesday as markets weighed supply cuts for August by top exporters Saudi Arabia and Russia against the backdrop of an uncertain global economic outlook. Brent crude futures climbed 32 cents, or 0.42%, to $75.73 a barrel by 0805 GMT. U.S. West Texas Intermediate crude was at...


Oil rose as China took more steps to unwind its Covid Zero policy, and freezing weather across the US prompted refinery closures in the vital Texas Gulf Coast area.   West Texas Intermediate climbed almost 2% to trade near $81 a barrel after Beijing announced it will no longer...


Oil rose as China took more steps to unwind its Covid Zero policy, and freezing weather across the US prompted refinery closures in the vital Texas Gulf Coast area. West Texas Intermediate climbed around 1% to trade near $80 a barrel after Beijing announced it will no longer...


Oil Rises As Banking Fears Ease For Now
Tuesday, 21 March 2023 18:27 WIB | Commodity

Oil rose on Tuesday, extending a recovery from a 15-month low hit the previous day, as the rescue of Credit Suisse eased worries about global banking sector risks that could hit economic growth and fuel demand. After jitters initially on Monday the mood across financial markets has lifted in the...


Oil rose on Thursday supported by investor wariness that OPEC+ may cut supply further at its meeting on Sunday and as easing Covid curbs in China raised hopes about higher demand in the world’s top crude importer. Crude gained further support, and the U.S. dollar weakened, after the Federal...


Oil rose after a four-day drop as investors weighed the impact of China’s moves to ease virus curbs against the risk of a slowdown in the US. West Texas Intermediate climbed toward $73 a barrel after plunging more than 11% over the previous four sessions as a raft of US banks sounded...


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 will be held virtually this weekend. West Texas Intermediate climbed toward $79 a barrel after adding 2.5% over the previous two...


Oil Rises 1% As Markets Await OPEC+ Decision
Friday, 1 March 2024 17:16 WIB | Oil

Oil prices rose on Friday and were heading for weekly gains, as markets awaited an OPEC+ decision on supply agreements for the second quarter while weighing fresh U.S. and Chinese economic data. Brent futures for May were up $1.01, or 1.23%, at $82.92 a barrel by 0950 GMT. The April Brent futures...


Oil prices rose on Thursday after data showed U.S. crude stockpiles fell more than expected last week, while the Chinese central bank's cut in banks' reserve ratio reinforced hopes of more stimulus measures and economic recovery. Brent crude futures were up 97 cents, or 1.2%, to $81.01 a barrel...


Oil Retreats On Caution Ahead Of OPEC+ Meeting
Tuesday, 21 November 2023 15:15 WIB | Oil

Oil futures fell on Tuesday, reversing steep gains made in the past two sessions, as investors turned cautious ahead of a meeting of OPEC+ this Sunday when the producer group may discuss deepening supply cuts due to slowing global growth. Brent crude futures fell 51 cents, or 0.6%, to $81.81 a...


Oil Retreats On Caution Ahead Of OPEC+ Meeting
Tuesday, 21 November 2023 20:11 WIB | Oil

Oil fell on Tuesday, reversing steep gains made in the past two sessions, as investors turned cautious ahead of a meeting of OPEC+ this Sunday when the producer group may discuss deepening supply cuts due to slowing global growth. Both contracts had climbed about 2% on Monday after three OPEC+...


Oil prices fell for a second straight session and were headed for a weekly decline of more than 3% on Friday, as a higher-than-expected interest rate hike in Britain and warnings about looming rate rises in the U.S. ignited concerns over demand. Brent futures slipped 51 cents, or 0.4%, to $73.76...


Oil weakened after rallying more than 2% Tuesday on Saudi Arabian and Russian output cuts, with traders waiting for potentially important commentary from Saudi Energy Minister Prince Abdulaziz bin Salman. Global benchmark Brent dropped back below $76 a barrel following the gain in the...


Oil weakened after rallying more than 2% Tuesday on Saudi Arabian and Russian production cuts. Global benchmark Brent dropped back below $76 a barrel following the gain in the previous low-volume session amid a US holiday. The two OPEC+ linchpins announced their latest batch of curbs on Monday,...


Oil prices clawed back some ground on Thursday, recovering from the previous session's 15-month lows, as markets calmed somewhat after Credit Suisse (CSGN.S) was thrown a financial lifeline by Swiss regulators. But market sentiment remained fragile, battered by fears of growing stress on banks...


Oil rebounded on Thursday after four sessions of decline, boosted by hopes that easing anti-COVID measures in China will revive demand and by signs that some tankers carrying Russian oil have been delayed after a G7 price cap came into effect. China on Wednesday announced the most sweeping...


Oil Rebounds As Market Refocuses On Supply Tightness
Thursday, 14 September 2023 15:13 WIB | Oil

Oil rebounded on Thursday as expectations of a tighter global crude supply outlook for the rest of 2023 overshadowed concerns over weaker economic growth and rising U.S. inventories. Saudi Arabia and Russia's extension of oil output cuts will result in a market deficit through the fourth quarter,...


Oil Rebounds As Dollar Sinks To 3-Month Low
Wednesday, 16 November 2022 02:49 WIB | Commodity

Crude prices rose Tuesday from the previous session’s battering as the dollar hit a three-month low, spurring demand from holders of the euro and other currencies for commodities priced in the greenback. Earlier, tensions over China’s Covid-19 outbreak drove New York-traded West Texas...


Oil climbed on optimism that China’s reemergence from Covid Zero will aid demand, with traders looking for fresh clues on the outlook as the nation’s financial markets reopen after the week-long Lunar New Year break. West Texas Intermediate advanced above $80 a barrel, after shedding 2%...


Oil Prices Wobble Amid Weak Demand, Sturdy Dollar
Wednesday, 24 January 2024 15:02 WIB | Oil

Oil seesawed between modest falls and gains on Wednesday as traders weighed the impact on prices stemming from escalating geopolitical tensions, concerns over tepid demand and a stronger dollar. The front-month March contract for Brent crude rose 4 cents to $79.59 a barrel at 0712 GMT. U.S. West...


Oil prices rose on Wednesday after data showed U.S. inventories and fuel supplies tightening and following a warning from the Saudi energy minister to speculators raised the prospect of further OPEC+ output cuts. Brent crude futures rose $1.09, or 1.42%, to $77.93 a barrel by 1048 GMT, while U.S....


Oil prices moved little in Asian trade on Thursday, as signs of another outsized build in U.S. inventories offset bets on tightening global supplies due to disruptions in the Middle East. Crude prices saw wild swings this week as markets grappled with fears of worsening demand and potential...


Oil Prices Steady After U.S. Stockpile Swell
Thursday, 9 February 2023 16:40 WIB | Commodity

Oil prices were steady on Thursday, as optimism over recovering Chinese demand was offset by U.S. oil inventories hitting their highest in months and signs the U.S. Federal Reserve could keep raising interest rates. Brent crude futures gained 30 cents to $85.39 a barrel by 0856 GMT, while U.S....


Oil prices were broadly stable on Wednesday, moving in and out of negative territory after industry data showed U.S. crude stockpiles rose more than expected, though supply concerns and a weaker dollar gave support. Brent crude futures for December were down 4 cents, or 0.04%, to $93.48 a barrel...


Oil prices slipped on Thursday as expectations that U.S. interest rate cuts could be delayed capped gains, though upbeat Chinese trade data augured well for demand in the world's top oil importer. Brent crude futures slipped 42 cents or 0.5% to $82.54 a barrel by 1010 GMT, while U.S. West Texas...


Oil Prices Slip On US Crude Build, China Demand Worries
Thursday, 16 November 2023 15:08 WIB | Oil

Oil prices fell on Thursday, extending losses from the previous session, as signals of higher supply from the United States met worries about lackluster energy demand from China. Brent futures were down 48 cents at $80.70 a barrel at 0630 GMT. U.S. West Texas Intermediate crude (WTI) shed 53...


Oil Prices Slip On Global Demand Woes, China Gloom
Tuesday, 5 September 2023 19:23 WIB | Oil

Oil prices slipped on Tuesday as fresh services data added to gloom over the state of the global economy, particularly China's stuttering post-pandemic recovery, although expectations of an extension in supply cuts by leading OPEC+ producers limited losses. By 1218 GMT, Brent crude futures for...


Oil futures settled with a gain on Monday, extend their advance into a third session in a row, after posting losses in each of the last three weeks. In a note dated Sunday, analysts at Goldman Sachs said they "continue to believe that robust demand, slowing U.S. supply growth, and low OPEC supply...


Oil prices rose for a second day on Friday, set for their sixth week of gains, after Saudi Arabia and Russia, the world's second and third-largest crude producers, pledged to cut output through next month. Brent crude futures for October rose 2 cents to $85.16 a barrel by 0609 GMT, while U.S....


Oil Prices Rise On Tighter Supply, China Hopes
Tuesday, 25 July 2023 10:02 WIB | Oil

Oil prices edged higher for the third straight session on Tuesday, as signs of tighter supplies and pledges by Chinese authorities to shore up the world's second-biggest economy lifted sentiment. Brent futures gained 22 cents, or 0.3%, to $82.96 a barrel by 0253 GMT, while U.S. West Texas...


Oil prices climbed on Tuesday, bolstered by a weaker U.S. dollar and supply woes, although gains were capped by the spectre of lower fuel demand from China as it persists with its stringent zero-COVID policy. Brent crude futures rose 74 cents, or 0.8%, to $92.36 per barrel by 0505 GMT, while U.S....


Oil prices extended gains on Wednesday after industry data showed a large draw in crude inventories in the U.S., the world's biggest fuel consumer, and as concerns about a hurricane in the Gulf of Mexico kept investors on edge. Brent crude futures for October rose 17 cents, or 0.2%, to $85.66 a...


Oil prices rose on Monday, recouping some recent losses as the Federal Reserve and other major central banks announced new liquidity measures to stabilize financial markets, while a takeover of beleaguered Swiss lender Credit Suisse helped ease fears of a banking crisis. Crude markets were still...


US crude futures finish higher for a fifth consecutive session, ending up 0.6% at $81.63 a barrel following an EIA report that showed yet another massive weekly drawdown of US crude-oil inventories. The declines have been so exceedingly large in recent weeks--a 17-million-barrel decline in late...


Oil prices pared their gains on Wednesday but were still solidly bid, 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 74 cents, or 1%, to $77.58 a...


Oil futures rose Wednesday morning, finding support after industry data was said to show another large drop in U.S. crude inventories, while investors looked for signs of an easing of China’s COVID restrictions and awaited a meeting this weekend of OPEC+ ministers. West Texas Intermediate crude...


Oil prices rose on Friday amid bullish sentiment following the passage of a U.S. debt ceiling bill in Washington, while markets weighed the likelihood of price-supportive OPEC+ production cuts over the weekend. Brent crude futures rose 71 cents, or 0.96% to $74.99 a barrel by 0600 GMT, while U.S....


Oil prices rose on Friday after a U.S. debt ceiling deal averted a default in the world's biggest oil consumer, while attention turned to a meeting of OPEC ministers and their allies at the weekend. Brent crude futures were up $1.21, or 1.6% to $75.49 a barrel by 1134 GMT, while U.S. West Texas...


Oil prices edged up on Monday after OPEC+ nations held their output targets steady ahead of a European Union ban and a price cap kicking in on Russian crude. At the same time, in a positive sign for fuel demand, more Chinese cities eased COVID-19 curbs over the weekend, though the partial easing...


Oil prices were mixed on Tuesday as data showing China's economy was still struggling with a post-pandemic recovery offset expectations of an extension in supply cuts by leading OPEC+ members Saudi Arabia and Russia. Brent crude futures for November fell 26 cents, or 0.29%, to $88.74 a barrel....


Oil futures finished lower on Tuesday for a second straight session in a row, as investors remained uncertain about the outlook for crude demand from China. West Texas Intermediate crude for December delivery fell $2.88, or 3.1%, to settle at $88.91 a barrel on the New York Mercantile Exchange...


Oil Prices Jump on Signs of Tightening Supply
Wednesday, 2 August 2023 15:49 WIB | Oil

Oil prices jumped to their highest levels in more than three months on Wednesday after a report that U.S. inventories fell sharply last week. Brent crude futures, the international benchmark, climbed above $85 a barrel early Wednesday—reaching the highest level in more than three months. At last...


Oil prices fell further in Asian trade on Wednesday, hitting five month lows as traders hunkered down before the final Federal Reserve meeting for the year, while signs of a draw in U.S. inventories offered little support. Concerns over weaker demand, looser supplies and higher-for-longer...


Oil prices were little changed on Friday but on track for their fourth straight week of losses after tumbling about 5% to a four month-low on Thursday on worries over global demand. Brent futures edged up 7 cents, or 0.1%, to $77.49 a barrel at 0702 GMT. U.S. West Texas Intermediate crude (WTI)...


Oil Prices Firm On Upbeat Demand Growth Forecasts
Friday, 11 August 2023 18:50 WIB | Oil

Oil prices gained ground on Friday amid optimistic demand forecasts from the OPEC producer group and the International Energy Agency (IEA). Brent crude was up 49 cents, or 0.6%, at $86.89 a barrel at 1118 GMT while U.S. West Texas Intermediate (WTI) crude futures were up 49 cents, or 0.6%, at...


Oil Prices Finish Higher After Deadly Blasts In Iran
Thursday, 4 January 2024 02:58 WIB | Oil

Oil futures settled higher Wednesday after reports of fatalities following explosions at a ceremony held to mark the four-year death anniversary of an Iranian military officer. Oil prices also found support on the back of reports that Libya’s largest oilfield has been shut down due to...


Oil prices slipped on Tuesday after data showed China's imports and exports fell much more than expected in July in a further sign of weak growth in the world's largest oil importer, although losses were limited by expected supply tightness. Brent crude futures were at $85.05 a barrel, down by 29...


Oil prices fell Tuesday as traders monitored rising tensions in the Red Sea amid a backdrop of record U.S. crude production and worries about demand in China. The West Texas Intermediate contract for February lost $1.27, or 1.77%, to settle at $70.38 a barrel. The Brent contract for March shed...


Oil prices fell more than $1 on Tuesday, extending the previous day's slide, as the collapse of Silicon Valley Bank rattled equities markets and sparked fear about a fresh financial crisis. Brent crude futures were down 82 cents, or 1%, at $79.95 a barrel at 0700 GMT. U.S. West Texas Intermediate...



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