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MINYAK MENTAH

West Texas Intemediate (WTI) crude oil closed higher on Monday on expectations OPEC+ will take steps to further restrict supply after prices fell to a four-month low last week on slowing demand and rising inventories. WTI crude for December delivery closed up US$1.77 to settle at US$77.60 per...


West Texas Intermediate (WTI) crude oil closed lower for a second session on Tuesday, retreating back to the range it has traded for over the past four months despite OPEC+'s weekend extension of 2.2-million barrels of voluntary production cuts through June. WTI crude oil for April delivery...


West Texas Intermediate (WTI) crude oil closed lower on Thursday as investors moved to cut risk after Federal Reserve chair Jerome Powell declined to offer a timetable for interest-rate cuts when testifying before Congress, saying only he expected cuts to begin this year. WTI crude oil for April...


West Texas Intermediate (WTI) crude oil closed lower on Friday on robust supply, even as demand remains solid as the United States added more new jobs than expected last month, showing its economy remains robust despite high interest rates, WTI crude for April delivery closed down US$0.92 to...


West Texas Intermediate (WTI) crude oil closed higher on Wednesday after a report showed a smaller than expected rise in US oil inventories last week and lower US production, offsetting concerns over the health of China's economy. WTI crude oil closed up US$0.98 to settle at US$79.13 per barrel,...


Minyak tergelincir di bawah $ 114 per barel pada hari Selasa (22/3), melepaskan sebagian dari lonjakan 7% pada hari sebelumnya, karena anggota Uni Eropa tidak setuju pada potensi embargo minyak Rusia, meskipun risiko pasokan yang terus-menerus membatasi penurunan. Para menteri luar negeri Uni...


Harga minyak melonjak $3 pada hari Senin (21/3), dengan harga minyak Brent di atas $110 per barel, karena negara-negara Uni Eropa mempertimbangkan untuk bergabung dengan Amerika Serikat dalam embargo minyak Rusia, sementara serangan terhadap fasilitas minyak Saudi pada akhir pekan lalu menyebabkan...


 U.S. benchmark oil futures settled with a loss on Tuesday for the first time in three sessions. Traders await this week’s U.S. supply data from the Energy Information Administration due out Wednesday morning, as well as Sunday’s expected decision on oil output from the Organization of the...


Oil futures climbed Wednesday, with U.S. prices settling at their highest in more than two weeks as a blast at a Gaza City hospital raised tensions throughout the Middle East. The oil price is "responding to the aggressive comments from Iran" and others after the apparent hospital bombing in...


U.S. oil futures finished higher on Monday, recovering from early losses that saw the West Texas Intermediate contract briefly erase their year-to-date gain. Protests over China’s strict COVID-19 restrictions stoked worries over slack crude demand from one of the world’s biggest consumers briefly...


U.S. Oil Futures Tally a 5th Straight Session Gain
Thursday, 12 January 2023 02:32 WIB | Energy

Oil futures climbed on Wednesday, with U.S. prices up a fifth consecutive session. “Hopes of a strong rebound in Chinese oil demand, fears surrounding the coming [Group of Seven] price cap on Russian refined products, and a weakening dollar is providing support to oil prices this week,” said Troy...


U.S. oil futures gave up their early Thursday losses to settle almost unchanged for the session. Prices found some support following a report from the Energy Information Administration showing a third straight weekly fall in U.S. crude inventories, along with larger-than-expected weekly declines...


U.S. oil futures settled lower on Thursday, down a fifth straight session, but an oil leak that led to a shutdown of the Keystone Pipeline and talk of a potential buyback of oil to refill U.S. reserves helped to limit price losses. The White House said in October that the Biden administration...


U.S. oil futures declined on Tuesday, settling below $70 a barrel for the first time since early May. "We've seen oil prices slide back again as investors look towards the next stage of the U.S. debt ceiling saga and concerns that sticky inflation will likely act as a brake on demand and ergo the...


U.S. Oil Futures Settle at Lowest Price of the Year
Wednesday, 7 December 2022 02:33 WIB | Energy

Oil futures fell sharply on Tuesday, with U.S. prices marking at their lowest price of the year. The oil market is “moving in fear that the Federal Reserve is going to drive the economy into a recession,” said Phil Flynn, senior market analyst at The Price Futures Group. Traders also await the...


Oil futures fell on Monday, with U.S. prices settling at their lowest price in more than a week. The Institute for Supply Management’s reading on U.S. service-sector business conditions rose to 56.5% in November, despite efforts by the Federal Reserve to ease inflation. “Continued Fed tightening...


U.S. Oil Futures Settle at a more than 3-Week High
Thursday, 3 November 2022 01:35 WIB | Energy

Oil futures climbed on Wednesday, with U.S. prices settling at their highest in more than three weeks. Prices found support after the Energy Information Administration reported weekly declines in U.S. crude and gasoline inventories, and as recent reports said Iran may be preparing an attack on...


U.S. Oil Futures Post Back-to-Back Gains
Wednesday, 30 November 2022 02:29 WIB | Energy

Oil futures settled higher on Tuesday for a second straight session. The potential for new output cuts from the Organization of the Petroleum Exporting Countries and their allies, together known as OPEC+, which meets Sunday, provided support for oil prices Tuesday, said Christin Kelley, senior...


U.S. oil futures on Wednesday marked their lowest settlement in more than three weeks, pressured by ongoing worries about the outlook for global economic growth, which can lead to lower demand for oil. Data from the Energy Information Administration due out Thursday is also expected to reveal a...


Oil futures tallied a sixth straight session climb on Thursday, their longest streak of gains since February. Prices extended their gains after posting a loss last week, “helped by the weakness in the U.S. dollar and optimism that a more benign inflation outlook will help to mitigate concerns...


U.S. Oil Futures Log a Third Straight Session Gain
Tuesday, 10 January 2023 02:25 WIB | Energy

U.S. oil futures settled higher for a third session in a row on Monday, with the gains a "function of increasing optimism for consumer demand in China, as the government is rapidly abandoning COVID restrictions and reopening the economy," said Tyler Richey, co-editor at Sevens Report...


U.S. Oil Futures Fall more than 4% for the Week
Saturday, 18 February 2023 02:41 WIB | Energy

Oil futures fell for a fourth straight session on Friday, with U.S. prices down more than 4% for the week. Crude prices have fallen as "supplies are plentiful and as global growth concerns return" as the Federal Reserve and European Central Bank seem "poised to take interest rates even further...


U.S. oil futures fell by 3% on Wednesday, with losses in the energy sector led by sharp declines in futures prices for petroleum products. The Energy Information Administration reported Wednesday that domestic crude-oil supplies fell last week, but supplies of gasoline and distillates...


Oil prices finished higher on Friday, with U.S. benchmark crude marking another finish at their highest since November and posting a third straight weekly gain. Warnings by the International Energy Agency and the Organization of the Petroleum Exporting Countries of a “potential market deficit,”...


U.S. Oil Futures End at Highest in 2 Weeks
Friday, 2 December 2022 02:31 WIB | Energy

Oil futures climbed on Thursday, with U.S. prices posting their highest settlement in two weeks. Prices got a boost as China moved to ease some COVID-19 restrictions ahead of a meeting of major oil producers set for Sunday. “With the apparent easing in China’s COVID policy, the possibility that...


U.S. Oil Futures End at a more than 2-Week High
Tuesday, 14 February 2023 02:33 WIB | Energy

Oil futures climbed Monday, with U.S. prices settling at their highest in more than two weeks. Traders weighed Russia's plan to cut its oil output by 500,000 barrels per day in March and awaited Tuesday's consumer-price index data for hints on the Federal Reserve's next move on interest rates and...


U.S. oil futures declined by 2% on Thursday, with prices pressured by strength in the U.S. dollar and worries that aggressive rate hikes by Federal Reserve will lead to an economic recession. Concerns that the Fed is “much more likely to overshoot on rates rather than doing too little” have...


U.S. Oil Futures Climb Closer to $90 a Barrel
Friday, 20 October 2023 01:33 WIB | Oil

Oil futures ended higher on Thursday, with U.S. prices edging closer to $90 a barrel. “Energy markets are in the grasp of geopolitical events,” said Tariq Zahir, managing member at Tyche Capital Advisors. The biggest fear is an expansion of the Israel-Hamas war, and Iran gets involved, he said....


U.S. oil futures finished higher on Friday, buoyed by a third straight weekly decline in U.S. crude inventories. Prices posted a second successive weekly gain, but "when you consider the tightness of the market, and the announcement of further output cuts this week, it's somewhat surprising" they...


Oil futures extended a slump Wednesday, with the U.S. benchmark closing below $70 a barrel for the first time since December 2021 as the fallout from a banking crisis stoked recession fears. West Texas Intermediate crude for April delivery fell $3.72, or 5.2%, to close at $67.61 a barrel on the...


The U.S. crude-oil benchmark settled above $90 a barrel on Thursday for the first time since November, lifted by ongoing concerns over the outlook for tight global supplies. West Texas Intermediate crude for October delivery rose $1.64, or nearly 1.9%, to settle at $90.16 a barrel on the New York...


U.S. crude oil closed out the year more than 10% lower as bearish sentiment has taken over due to worries that the market is oversupplied from record production outside OPEC. The West Texas Intermediate contract for February shed 12 cents, or 0.17%, to settle at $71.65 a barrel on Friday. The...


Minyak bertahan di dekat $ 60 per barel di Asia karena krisis energi yang mendalam di AS menghabiskan sekitar sepertiga dari produksi minyak mentah negara itu. Minyak berjangka di New York turun tipis pasca berakhir naik 1% pada Selasa (16/2) dari penutupan hari Jumat lalu. Suhu yang membeku...


Harga minyak bervariasi pada hari Senin (27/12), dengan Brent naik tipis sementara minyak mentah berjangka AS tergelincir setelah maskapai membatalkan ribuan penerbangan di Amerika Serikat selama liburan Natal di tengah melonjaknya infeksi COVID-19. Minyak mentah berjangka West Texas Intermediate...


Minyak stabil pasca lonjakan dua hari karena dampak dari invasi Rusia ke Ukraina terus bergejolak melalui pasar global yang diperketat. Minyak West Texas Intermediate berjangka diperdagangkan mendekati $104 per barel setelah naik hampir 11% selama dua sesi sebelumnya. Badan Energi Internasional...


Minyak memangkas kenaikan mingguan kedua beruntun karena reli baru-baru ini ke level tertinggi sejak Oktober 2018 terhenti karena dolar yang lebih kuat. Minyak berjangka di New York tergelincir 0,5% karena kenaikan mata uang AS membuat harga komoditas dalam dolar lebih mahal bagi...


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...


Minyak bersiap untuk kerugian mingguan terbesar sejak November, mengambil jeda setelah periode perdagangan yang bergejolak dan lonjakan harga yang di picu invasi Rusia ke Ukraina. Minyak berjangka di New York naik mendekati $107 per barel pada hari Jumat, tetapi masih turun lebih dari 7% pekan...


Minyak turun pada hari Kamis (26/8) untuk sesi pertama pekan ini karena kekhawatiran baru tentang permintaan di tengah meningkatnya infeksi COVID-19 menghentikan reli tiga hari, dan karena Meksiko memulihkan beberapa produksi minyak. Minyak mentah Brent turun 71 sen, atau 1%, pada $71,54 per...


Minyak berjangka melemah pada Selasa, dengan kenaikan harga minyak mentah terhenti pada sesi sebelumnya yang sebagian didorong oleh laporan bahwa pemberontak Houthi Yaman melancarkan serangan drone selama akhir pekan di salah satu ladang minyak terbesar di Arab Saudi. Minyak mentah West Texas...


Minyak menguat pasca kembali reli di atas $100 per barel karena Presiden Rusia Vladimir Putin berjanji untuk melanjutkan perang di Ukraina, yang telah mengguncang pasar dan memperketat pasokan minyak mentah global. Minyak West Texas Intermediate berjangka naik 0,8% di Asia setelah melonjak hampir...


Harga minyak stabil di sekitar $90 per barel pada hari Rabu (9/2) tetapi prospek peningkatan pasokan dari Iran dan Amerika Serikat terus menekan pasar. Minyak mentah berjangka Brent turun tipis 34 sen, atau 0,4%, menjadi $90,44 per barel. Minyak mentah West Texas Intermediate AS turun 42 sen,...


Minyak turun menuju $ 59 per barel karena Produksi minyak Texas perlahan memulai kembali membaik di tengah tanda-tanda kilang AS akan membutuhkan waktu untuk melanjutkan operasi. Minyak berjangka di New York turun lebih dari 2% di perdagangan Asia setelah kehilangan 1% pada Kamis (18/2). Marathon...


Minyak berjangka turun tajam pada Rabu (4/8), melanjutkan penurunan beruntun tiga hari, pasca data resmi menunjukkan kenaikan tak terduga dalam persediaan minyak mentah AS. Minyak mentah West Texas Intermediate untuk pengiriman September turun $2,41, atau 3,4%, dan ditutup pada $68,15 per barel...


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 pada Jumat pagi (9/7) di Asia, data yang dirilis pada hari Kamis mengatakan persediaan bahan bakar AS turun dan permintaan melonjak karena pemulihan ekonomi mendorong konsumsi. Minyak berjangka Brent turun 0,32% menjadi $73,88 pada pukul 22:10 waktu timur AS (2:10 GMT) dan minyak...


Minyak stabil di dekat level tertinggi enam minggu pasca penurunan stok AS menyoroti pengetatan pasar dan investor menelusuri kemajuan luas dalam komoditas energi. Minyak West Texas Intermediate sedikit berubah di awal perdagangan Asia setelah mencapai $73 per barel pada hari Rabu untuk...


Permintaan Membaik, Harga Minyak Menguat
Monday, 14 June 2021 18:15 WIB | Energy

Harga minyak naik pada hari Senin (14/6), mencapai level tertinggi dalam lebih dari dua tahun didukung oleh pemulihan ekonomi dan prospek pertumbuhan permintaan bahan bakar karena pengoperasian vaksinasi di negara maju semakin cepat. Minyak mentah Brent naik 53 sen, atau 0,7%, pada $73,22 per...


Minyak berjangka berbalik lebih rendah pada hari Selasa (3/8), melanjutkan penurunan tajam dari sesi sebelumnya yang disebabkan oleh kekhawatiran tentang dampak pada permintaan dari penyebaran virus corona varian delta. Minyak mentah West Texas Intermediate untuk pengiriman September turun 67...


Harga minyak lanjutkan reli mereka pada hari Jumat (18/3) di akhir pekan ketiga perdagangan yang bergejolak pasca  sedikit kemajuan dalam pembicaraan damai antara Rusia dan Ukraina meningkatkan momok sanksi yang lebih ketat dan gangguan yang berkepanjangan pada pasokan minyak. Meskipun...


Minyak berjangka ditutup lebih rendah pada hari Jumat (25/2), memangkas kenaikan untuk pekan ini, karena investor terus memantau invasi Rusia ke Ukraina, sehari pasca minyak mentah secara singkat mencapai $100 per barel untuk pertama kalinya dalam lebih dari tujuh tahun. Minyak mentah West Texas...


Harga minyak turun pada Rabu, dengan harga acuan global berada pada penyelesaian terendah sejak Juni, karena data pemerintah AS mengungkapkan kenaikan mingguan terbesar dalam stok minyak mentah domestik sejak Juli dan lonjakan lanjutan dalam kasus COVID-19 memicu ekspektasi untuk permintaan energi...


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 stabil pada Rabu (7/7) pasca penurunan tajam di sesi sebelumnya, menyusul pembatalan pembicaraan di antara produsen OPEC+ yang meningkatkan prospek bahwa eksportir minyak mentah utama dunia akan memanfaatkan keran untuk mendapatkan pangsa pasar. Minyak mentah Brent naik 3 sen menjadi...


Harga minyak turun pada hari Kamis (3/2) menyusul data penggajian AS yang lemah dan beberapa aksi ambil untung, tetapi tetap didukung oleh pasokan yang ketat karena produsen OPEC+ terjebak pada rencana peningkatan produksi yang moderat. Minyak mentah Brent turun 37 sen, atau 0,4%, menjadi $89,10...


Minyak berjangka menguat pada Kamis (4/3), dengan harga AS catat penyelesaian tertinggi sejak 2019 pasca Organisasi Negara Pengekspor Minyak dan sekutunya mengatakan mereka akan melanjutkan pemangkasan produksi saat ini hingga akhir April. OPEC +, menyetujui "kelanjutan tingkat produksi bulan...


Minyak merosot jelang pengumuman yang diharapkan oleh AS tentang rilis cadangan yang terkoordinasi, dengan peringatan OPEC+ bahwa tidak mungkin mengembalikan minyak mentah sebanyak itu ke pasar global jika konsumen melanjutkan langkah tersebut. Minyak berjangka di New York tergelincir menuju $76...


Harga minyak naik pada hari Jumat (3/12) pasca kelompok produsen OPEC+ mengatakan dapat meninjau kebijakan kenaikan produksinya dalam waktu singkat jika permintaan minyak runtuh yang disebabkan oleh meningkatnya jumlah Lockdown dibeberapa negara, sementara Brent berada di jalur penurunan minggu...


Harga minyak turun pada hari Jumat (1/10) di tengah prospek bahwa aliansi OPEC+ mungkin berencana meningkatkan produksi untuk meredakan kekhawatiran pasokan, dengan melonjaknya harga gas dapat memicu produsen listrik untuk beralih dari gas ke minyak. Minyak mentah berjangka West Texas...


Minyak berjangka berakhir turun tajam pada hari Senin (20/12), tetapi keluar dari sesi terendah, seiring penyebaran varian omicron dari virus corona menekankan kekhawatiran atas prospek permintaan. Minyak mentah West Texas Intermediate untuk pengiriman Februari, kontrak AS yang paling aktif...


Oil tumbled to the lowest level since 2021 after a chaotic opening in Asia as weak demand data from the US added to concerns that the global economy is set for a recession. West Texas Intermediate futures tanked as much as 7.2% at the start of trading, before paring losses, as Brent...


Oil steadied after a breakneck rally as wider markets held a cautious tone ahead of a Federal Reserve meeting, and traders assessed estimates pointing to further draws in US crude stockpiles. West Texas Intermediate for November was little changed below $91 a barrel, after closing...


Oil Up ahead of Fed Meet as Middle East Conflict Rages
Wednesday, 1 November 2023 17:47 WIB | Oil

Oil prices rose more than 1% on Wednesday ahead of the keenly watched meeting of the U.S. central bank for clues on interest rate policy, while the conflict in the Middle East remains in focus. Brent January crude futures were up about 1.1%, or 90 cents, to $85.92 a barrel by 1042 GMT. U.S. West...


The US oil benchmark briefly surged to $95 a barrel as dwindling stockpiles at a key storage hub fanned fears about falling crude supplies globally.  West Texas Intermediate touched the highest level since August last year, before paring gains to trade little changed. Oil’s latest leg...


Oil prices edged up on Monday as top exporters Saudi Arabia and Russia said they would stick to extra voluntary oil output cuts until the end of the year, keeping supply tight, while investors watched out for tougher U.S. sanctions on Iranian oil. Brent crude futures rose 55 cents, or 0.65%, to...


Oil prices rose slightly in Asian morning trade on Friday, but were set for a third straight week of losses after markets witnessed dramatic drops on fears of a weakening U.S. economy and slowing Chinese demand. Brent crude rose 30 cents, or 0.4%, to $72.80 a barrel at 0250 GMT, while U.S. West...


Oil prices crept up on Friday, buoyed by economic stimulus in slow-recovering China and falling inventories in the U.S.. Brent futures were up 65 cents to $80.29 a barrel by 0817 GMT, while U.S. West Texas Intermediate (WTI) crude climbed 64 cents to $76.29 a barrel. Prices closed marginally...


Oil Ticks Lower ahead of U.S. Inventory Data
Wednesday, 5 April 2023 18:27 WIB | Energy

Oil futures drifted lower early Wednesday, steadying after sharp gains that followed a round of unexpected OPEC+ production cuts last weekend, as traders weigh worries over the economic outlook against signs of further inventory declines in the U.S. West Texas Intermediate crude for May delivery...


Oil edged higher as investors weighed the outlook for demand following some measures by China to support its ailing property market. West Texas Intermediate traded above $73 a barrel after closing 1.2% lower in the previous session, the most in a week. Authorities stepped up pressure on...


Oil Takes A Breather, Eases off 5-Week Highs
Monday, 10 October 2022 18:03 WIB | Energy

Oil prices fell on Monday, ending five straight days of gains, as investors looked to slowing economic activity in China, the world’s biggest crude importer, which revived concerns about a global recession and falling global fuel demand. Brent crude futures for December settlement fell by as much...


Oil prices were little changed on Tuesday, after rising for the past five sessions, as concerns about limited spare capacity in the market and uncertainty over Russian supplies offset mixed oil data from top crude importer China. Brent crude futures rose 18 cents to $86.36 per barrel by 0730 GMT...


Oil prices were steady on Monday as China’s continuation of loose monetary policy was offset by fears that high inflation and energy costs could drag the global economy into recession. Brent crude futures rose 50 cents, or 0.6%, to $92.13 a barrel, recovering from a 6.4% fall last week. U.S. West...


Oil held steady as investors weighed the extent of China’s demand recovery and fears a global slowdown with drag down consumption.  West Texas Intermediate futures were $80 a barrel after declining 1.8% on Tuesday as mixed company earnings and weaker business activity spurred...


Oil was steady ahead of an OPEC+ meeting as the alliance considers the biggest supply cut since 2020 to help revive prices. West Texas Intermediate futures traded near $86 a barrel after rising almost 9% over the previous two sessions. The cartel is set to discuss reducing output...


Oil held a modest advance as the market weighed geopolitical risks in the Middle East against hawkish comments from the Federal Reserve.  West Texas Intermediate traded below $73 a barrel after rising 0.7% on Monday in a session that also saw it rebound from a three-week low, with Brent...


Oil held a modest advance as the market weighed geopolitical risks in the Middle East against hawkish comments from the Federal Reserve.  Brent crude traded near $78 a barrel after rising 0.9% on Monday in a session that saw it rebound from a three-week low. US benchmark West Texas...


Oil prices were little changed on Tuesday after five sessions of gains, with weak oil data from top crude importer China balanced by concern over supply. Brent crude futures fell 22 cents, or 0.26%, to $85.96 a barrel by 1043 GMT. U.S. West Texas Intermediate crude was down 16 cents, or 0.2%, at...


Oil prices were little changed in early Asia trade on Thursday as investors weighed demand concerns over a global economic slowdown against an expected fall in supply from Saudi output cuts. Brent crude futures dipped 1 cent at $76.94 a barrel at 0110 GMT, while the U.S. West Texas Intermediate...


Oil steadied as traders weighed the prospects for tighter US monetary policy against optimism for a demand recovery in China and supply disruption in Europe. West Texas Intermediate held near $76 a barrel, after earlier dropping as much as 1%. Poland’s largest oil company, PKN Orlen SA,...


Oil Steady as Focus Turns to U.S. Economic Data
Friday, 7 October 2022 10:39 WIB | Energy

Oil prices steadied on Friday ahead of key U.S. economic data after rising over 1% in the last session on cuts to OPEC+ production targets. Brent crude futures slipped 11 cents to $94.31 a barrel by 0339 GMT. WTI crude futures were down 5 cents to $88.40 a barrel, after earlier hitting $89.37 per...


Crude oil prices were steady on Tuesday as concerns about a global economic slowdown and expected build in U.S. oil inventories were offset by hopes of a fuel demand recovery from top importer China. Brent crude was up 16 cents, or 0.2%, at $88.35 a barrel by 1205 GMT. U.S. West Texas...


Oil steadied after falling over the previous three sessions on signs that the Israel-Hamas war will remain contained for the time being. Global benchmark Brent was near $88 a barrel, erasing about half of the gains since Hamas’ attack on Oct. 7, while West Texas Intermediate traded below $84...


Oil steadied after jumping Wednesday on signs Israel will proceed with a ground invasion of Gaza, reviving concerns the conflict could escalate and threaten energy supplies.  West Texas Intermediate traded near $85 a barrel, after rising 2% in the previous session, while global...


Oil steadied as investors weighed mixed US data on crude and petroleum stockpiles amid persistent concerns over the demand outlook. West Texas Intermediate futures traded near $72 a barrel after gaining 1.1% Wednesday. US crude inventories at the key Cushing storage hub rose for a...


Oil steadied after falling more than 6% over the previous three sessions on signs the Israel-Hamas war will remain contained for the time being.  West Texas Intermediate traded below $84 a barrel, and has now given up the bulk of its gains since Hamas’s attack on Oct. 7, while global...


Oil steadied near $90 a barrel in New York as tight global fuel supplies lure hedge funds back to the market.  Speculators have boosted their bullish positions on WTI to the highest since February 2022, while a rally among key gauges on the nearest part of the futures curve...


Oil steadied after a three-day drop ahead of a series of market reports and US inflation data that may provide direction for prices. West Texas Intermediate futures traded above $78 a barrel after falling 1.5% over the previous three sessions. Brent closed near $82 on Monday. Traders will...


Oil steadied on Thursday as a potential pause in U.S. interest rate hikes and the passing of a crucial vote on the U.S. debt ceiling bill were offset by a report of rising inventories in the world’s biggest oil consumer. U.S. Federal Reserve officials on Wednesday suggested interest rates could...


Oil held gains made over the last three days as traders weighed concern that near-term Chinese demand may decline against lower US inventories and a weaker dollar. West Texas Intermediate traded near $79 a barrel after rallying more than 5% in the week’s first three sessions. In China,...


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 Monday as looming interest rate hikes by major central banks and signs of strong Russian exports balanced rising Middle East tension over a drone attack in Iran and hopes of higher Chinese demand. Investors expect the Federal Reserve to raise rates by 25 basis points on Wednesday,...


Oil steadied on Friday as investors weighed the impact of sharp interest rate rises on energy consumption, offsetting hopes of higher Chinese demand and output cuts by OPEC and its allies. To fight inflation, the U.S. Federal Reserve is trying to slow the economy and will keep raising its...


Oil prices steadied on Friday but were on track for a second week of losses as the market awaited further signs of fuel demand recovery in China and the impact of an EU embargo and price cap on Russian oil products. Brent crude futures fell 18 cents, or 0.2%, to $81.99 a barrel by 1043 GMT,...


Oil prices steadied Wednesday as the market waited for U.S. inflation data later in the day that will likely influence the Federal Reserve’s policy on interest rate hikes. Brent crude gained 14 cents, or 0.2%, to $85.75 a barrel by 0917 GMT, while U.S. West Texas Intermediate rose 10 cents, or...


Oil steadied as traders looked to a revival in Chinese demand this year after data showed that the economy fared better than expected last quarter, with further clues on the outlook to come in an OPEC analysis. Global benchmark Brent was little changed above $84 a barrel after...


Oil prices were little changed on Tuesday as investors weighed a possible tightening of U.S. crude supplies against weaker-than-expected Chinese economic growth. Brent crude was down 1 cent at $78.49 a barrel by 0753 GMT, while U.S. West Texas Intermediate crude edged up 1 cent to $74.16 a...


Oil prices were steady on Wednesday as investors await the U.S. Federal Reserve's comments after recent data pointed to the possibility of more interest rates hikes, which may lower economic growth and limit global fuel demand. Brent crude futures for April delivery were up 2 cents to $83.07 a...


Oil was steady as the week’s trading kicked off with optimism that China’s reopening will boost energy demand balanced by the prospect of recessions in other parts of the world. West Texas Intermediate traded near $80 a barrel after rallying more than 8% last week. China, the world’s...


Oil futures steadied on Tuesday as support from a higher global demand forecast from the International Energy Agency (IEA) was countered by weaker than expected Chinese economic data. Brent crude futures eased by 11 cents, or 0.2%, to $75.12 a barrel by 0922 GMT while U.S. West Texas Intermediate...


Oil steadied amid persistent concerns over the demand outlook following a short-lived bounce on Saudi Arabia’s pledge to cut more supply.  West Texas Intermediate futures traded below $72 a barrel after closing 0.6% lower Tuesday. The US sees its oil demand this year growing...


Oil was steady as investors weighed a potential boost for energy demand due to China’s abandonment of its Covid Zero policy against concerns over a global economic slowdown. West Texas Intermediate futures traded near $75 a barrel after closing 1.2% higher on Monday. China’s efforts to...


Oil steadied after falling the most in a week on Monday as Chinese measures to aid its property market improved the demand outlook. West Texas Intermediate traded above $73 a barrel after closing 1.2% lower in the previous session. Chinese regulators stepped up pressure on financial...


Oil was little changed on Monday after China took steps to bolster its flagging economy, though investors remained worried about the pace of growth as well as further U.S. interest rate hikes that could dampen demand. China halved stamp duty on stock trading in its latest attempt to boost...


Oil steadied after a weekly loss as investors weighed hawkish signals from the Federal Reserve against rising geopolitical tensions. West Texas Intermediate futures held near $76 a barrel in Asia after closing more than 4% lower last week as two of the Fed’s most hawkish policymakers said...


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


Oil steadied after a two-day decline as industry estimates pointed to a drop in US inventories, potentially adding to signs of a tighter market. West Texas Intermediate was little changed near $81 a barrel after losing 2.6% in the week’s first two sessions. The American Petroleum...


Oil steadied after a two-day decline as industry estimates pointed to lower US inventories, potentially adding to signs of a tighter market. West Texas Intermediate was little changed near $81 a barrel after losing 2.6% in the week’s first two sessions. The American Petroleum Institute...


Oil steadied after a two-day decline as traders weighed the support from a weaker dollar against a challenged demand outlook in China and an industry report that pointed to rising US inventories. West Texas Intermediate held near $89 a barrel after sliding 4% over the first two days of...


Oil held near a 10-month high as OPEC+ supply cuts tightened the global market, with Saudi Energy Minister Prince Abdulaziz bin Salman due to address an industry conference on the kingdom’s crude policy and outlook. Global benchmark Brent traded near $94 a barrel...


Oil steadied after a three-day drop on signs OPEC+ may deepen production cuts when it holds its postponed meeting on Thursday. Global benchmark Brent traded near $81 a barrel after falling 2.3% over the last three sessions, while West Texas Intermediate was below $76. Alliance...


Oil steadied after jumping Wednesday on signs Israel will proceed with a ground invasion of Gaza, reviving concerns the conflict could escalate and threaten energy supplies. Global benchmark Brent traded near $90 a barrel, after rising more than 2% in the prior session, while West Texas...


Oil steadied in Asia after tumbling more than 5% on Tuesday as data pointed to a possible US recession and investors shunned risk assets. West Texas Intermediate traded near $72 a barrel after closing at the lowest in more than five weeks. Crude fell along with other commodities as...


Oil steadied after the biggest one-day gain since May as traders looked to OPEC+ to deliver on expectations for a major cut in supply. West Texas Intermediate traded above $83 a barrel after rallying by more than 5% on Monday. The Organization of Petroleum Exporting...


Oil was steady after its first drop in three sessions as signals that US fuel demand may be lagging overshadowed a disruption to shipments from a key port in Turkey. West Texas Intermediate traded near $73 a barrel after closing 0.3% lower on Wednesday. US government showed crude...


Oil futures were flat to slightly lower in early trade Wednesday, steadying after a selloff the previous session that analysts blamed in part on Federal Reserve Chair Jerome Powell’s remarks on the U.S. interest rate outlook. Investors were also awaiting an official take on U.S. crude inventories...


Oil futures flipped between small gains and losses early Thursday, attempting to stabilize after back-to-back losses that analysts blamed largely on a warning from Federal Reserve Chair Jerome Powell this week that interest rates will need to rise higher, and possibly faster, than previously...


Oil steadied in Asia after tumbling 5% on Tuesday as data pointed to a possible US recession and investors shunned risk assets. Brent held above $75 a barrel after closing at the lowest in more than five weeks. Crude fell along with other commodities as figures showed a cooling US labor...


Oil prices were stable on Thursday as the market weighed the prospect of tight supply against possible recession in the United States, the world's largest oil consumer. Brent crude edged down 22 cents, or 0.25%, to $87.11 a barrel by 1152 GMT. U.S. West Texas Intermediate (WTI) slipped 20 cents,...


Oil prices remained under pressure on Wednesday after sliding to their lowest in more than three months in the previous session, slipping further on concern over waning demand in the United States and China. Brent crude futures dipped 54 cents to $81.07 a barrel, while U.S. crude lost 56 cents to...


Oil extended losses amid persistent concerns around the demand outlook as Goldman Sachs Group Inc. cut its price forecast again. Brent futures traded below $73 a barrel after capping the biggest weekly drop since early May last week. Goldman made its third downward price revision...


Oil retreated on Friday after a volatile week as concerns over a global economic slowdown continue to hang over the market. Benchmark Brent futures traded near $91 a barrel amid risk-off sentiment across markets as bond yields surge. Investors are juggling slowdown fears against...


Oil prices fell on Tuesday as the threat of further interest rate increases and ample Russian crude flows outweighed demand recovery expectations from China. March Brent crude futures declined 25 cents to $84.65 per barrel by 0715 GMT. The March contract expires on Tuesday and the more heavily...


Oil Slips on Demand Jitters and Profit-Taking
Monday, 19 February 2024 18:03 WIB | Oil

Oil prices dipped on festering demand concerns and profit-taking prompted by last week's gains as conflict in the Middle East showed no signs of easing. Brent crude futures were down 78 cents, or 0.9%, at $82.69 a barrel by 1030 GMT. The March contract for U.S. West Texas Intermediate (WTI)...


Oil prices edged lower on Wednesday following fresh indications of weak demand, and as the market awaited a crucial interest rate decision by the U.S. Federal Reserve. Brent crude futures , which have risen by almost 3% this week, were down 30 cents, or 0.40%, at $75.02 a barrel at 1026 GMT. U.S....


Oil fell in a volatile session that was buffeted by a wave of supply and demand data and a sharply stronger dollar.  West Texas Intermediate pared sharp losses following US data that showed total crude inventories rose to their highest since the summer of 2021. The...


Oil dipped after a two-day rally as a stronger dollar offset optimism around the outlook for improved Chinese demand. West Texas Intermediate futures fell toward $88 a barrel as the dollar rose for the first time in three sessions, making commodities priced in the currency more...


Oil edged lower as continuous pressure from robust supplies globally countered curbs by the OPEC+ alliance.  Global benchmark Brent traded near $76 a barrel. Futures last week dipped to a multi-month low on soaring output from producers outside of the Organization of Petroleum Exporting...


Oil prices fell Wednesday, as investors weighed the effectiveness of an extension in OPEC+ cuts in tightening supply against a worsening demand outlook in China. Brent crude futures fell 80 cents, or 1%, to $76.40 a barrel. U.S. WTI crude futures fell by 81 cents, or 1.1%, to $71.54 a...


Oil slipped ahead of US pricing data due later, as a lackluster demand outlook this week counters a bullish mood across broader markets.  Brent crude traded near $82 a barrel, little changed on the week. Oil jumped Thursday as US equities closed at another record.  Crude is...


Oil Slips after Large US Crude Stock Build
Thursday, 15 February 2024 15:58 WIB | Oil

Oil prices fell on Thursday after a larger-than-expected jump in U.S. crude inventories raised doubts about the strength of demand in the world's largest economy and top oil consumer. Brent crude futures fell 38 cents, or 0.5%, to $81.22 a barrel at 0837 GMT, while U.S. West Texas Intermediate...


Oil Slides on Grim Manufacturing Data
Wednesday, 23 August 2023 18:15 WIB | Oil

Oil prices slid more than 1% on Wednesday as gloomy global manufacturing data grabbed attention ahead of an annual meeting of central bankers at Jackson Hole in the United States, with interest rates high on the agenda. Brent crude was down $1.01, or 1.2%, at $83.02 a barrel by 1027 GMT while...


Oil prices dropped by more than 1% on Monday after weaker than expected Chinese economic growth fuelled concern over demand in the world's second-biggest oil consumer while a partial restart of halted Libyan output also pressured. China's gross domestic product (GDP) grew 6.3% year on year in the...


Oil prices were down on Friday and on track to end a two-week winning streak after the U.S. central bank indicated interest rate cuts could be delayed by at least two more months. Brent crude futures were down 94 cents, or 1.1%, at $83.73 a barrel at 1015 GMT on Friday, while U.S. West Texas...


Oil rose on Friday and was on track for a second straight annual gain in a volatile year marked by tight supplies because of the Ukraine war and weakening demand from the world's top crude importer, China. Crude surged in March with global benchmark Brent reaching $139.13 a barrel, the highest...


Oil Set to End Turbulent 2022 Modestly Higher
Friday, 30 December 2022 15:08 WIB | Energy

Oil prices edged up on Friday, on track for their second straight annual gains, although modest, in a stormy year marked by tight supplies because of the Ukraine war, a strong dollar and weakening demand from the world's top crude importer, China. Brent crude futures rose 59 cents, or 0.7%, to...


Oil headed for a third straight weekly decline, the longest losing run this year, as slowdown concerns and turmoil in the US banking sector prompted investors to flee from risk. West Texas Intermediate edged higher toward $69 a barrel on Friday, but the US crude benchmark has still...


Oil headed for its first weekly loss in four after the Federal Reserve flagged a further rise in US interest rates this year, damping appetite for risk assets and overshadowing physical tightness in the crude market. West Texas Intermediate was steady near $90 a barrel on Friday, and...


Oil headed for a weekly loss of over 6% as China continues to grapple with swelling Covid cases, weighing on the outlook for demand. Daily infections have climbed to the highest since April as China’s top leaders reinforced the need to stick with Covid Zero, although they urged...


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. West Texas Intermediate futures traded near $76 a barrel and are up around 7% this week. There are...


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. West Texas Intermediate futures edged toward $77 a barrel and are up over 7% this week. There are...


Oil prices fell on Friday, but were poised for a weekly gain as renewed optimism on China's demand recovery overrode recession worries brought by growing crude inventories in the U.S. and tightening monetary policy in Europe. Brent crude futures dipped 18 cents, or 0.2%, to $84.57 a barrel at...


Oil headed for a weekly drop as bearishness in financial markets and dollar strength outweighed fears the Israel-Hamas war will escalate and jeopardize supply from the Middle East. West Texas Intermediate edged higher on Friday to near $84 a barrel, but was down around 6% for the week....


Oil headed for a weekly loss as China presses on with its strict Covid Zero strategy, which has weighed on its economy and energy demand. West Texas Intermediate edged lower toward $86 a barrel after closing 0.8% higher on Thursday following a broader rally across markets on...


Oil headed for a third weekly gain as supply disruptions in Africa and a reduction in shipments from Russia tightened the market. West Texas Intermediate futures rose above $77 a barrel on Friday and are 4.6% higher for the week. Libya’s second-biggest oil field is in the process of...


Oil prices were up slightly on Friday but are set to fall for a third week as concerns of supply disruptions from the Israel-Hamas conflict have ebbed, allowing demand worries to reassert themselves. Brent crude futures for January were up 40 cents, or 0.5%, at $80.41 a barrel at 0729 GMT, while...


Oil prices were set to register their third consecutive weekly gain for the first time since April, rising on Friday due to supply disruptions in Libya and Nigeria, and hopes of higher demand for crude due to easing U.S. inflation. Brent crude futures had added 5 cents, or 0.1%, to $81.41 per...


Oil headed for a second weekly drop as demand concerns returned to the fore, snuffing out gains driven by Saudi Arabia’s unilateral pledge to cut production. West Texas Intermediate fell to near $71 a barrel and is down more than 1% this week. Optimism that Riyadh’s move to reduce...


Oil headed for a modest weekly loss as the prospect for further interest-rate hikes from the Federal Reserve and rising US stockpiles continued to weigh on the market, despite China’s reopening. West Texas Intermediate futures edged higher toward $76 a barrel in Asia but are down 1% this...


Oil was steady Friday but headed for a modest weekly gain as the market weighed signs of weakening US demand against tensions in the Middle East and North Africa. West Texas Intermediate traded above $72 a barrel after declining 0.7% Thursday, when Brent crude closed below $78....


Oil headed for a fourth consecutive monthly decline as concerns over tighter monetary policy and swelling stockpiles in the US eclipsed optimism about rising demand in China. West Texas Intermediate ticked above $76 a barrel, but is still down about 3% this month. Crude has been under...


Oil Rises Slightly Ahead of Demand Estimates
Tuesday, 12 March 2024 10:07 WIB | Oil

Oil prices rose in early Asian trading, but price moves were limited as the market waited for monthly reports from oil agencies. Brent futures for May delivery rose 23 cents to $82.44 a barrel by 0221 GMT. The U.S. crude April contract rose 17 cents to end at $78.10 a barrel. "Crude oil traded...


Oil Rises on Weaker Dollar, IEA Demand Upgrade
Thursday, 14 December 2023 19:00 WIB | Oil

Oil prices rose on Thursday, extending the previous session's gains, boosted by a weaker dollar and as the International Energy Agency (IEA) lifted its oil demand forecast for next year. Brent futures were up $1.42, or 1.9%, to $75.68 a barrel at 1131 GMT. U.S. West Texas Intermediate (WTI) crude...


Oil Rises on US Stockpile Draw and Hurricane Jitters
Wednesday, 30 August 2023 15:23 WIB | Oil

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 a hurricane in the Gulf of Mexico kept investors on edge. Brent crude futures for October rose by 42 cents, or 0.49%, to $85.91 a barrel by...


Oil prices rose more than 1% on Monday as a key pipeline supplying the United States stayed shut while Russian President Vladimir Putin threatened to cut production in retaliation for a Western price cap on its exports. Brent crude futures were up 30 cents, or 0.4%, to $76.40 a barrel by 03:00...


Oil prices rose for a second day on Tuesday as a key pipeline supplying the United States, the world's biggest crude consumer, remained shut and on expectations loosening COVID restrictions in China, the second-biggest user globally, will boost demand. Brent crude futures rose 64 cents, or 0.8%,...


Oil Rises on U.S. Inventory Draw, Dollar Weakness
Thursday, 14 December 2023 16:29 WIB | Oil

Oil prices rose on Thursday, extending the previous session's gains, on a bigger-than-expected weekly withdrawal from U.S. crude storage and a weaker dollar after the U.S. central bank signalled lower borrowing costs for 2024. Brent futures was up $1, or 1.3%, to $75.26 a barrel as of 0900 GMT....


Oil prices rose by more than $1 on Thursday in response to tighter supplies and on news that China is considering a cut in the duration of quarantine for inbound visitors. Brent crude futures rose $1.33, or 1.4%, to $93.74 a barrel at 1020 GMT. U.S. West Texas Intermediate crude for November...


Oil Rises on Softer Dollar, Shipping Attack
Thursday, 22 February 2024 18:19 WIB | Oil

Oil prices rose for a second day on Thursday, buoyed by a softer dollar and another attack on shipping near Yemen. Brent crude futures rose 35 cents, or 0.4%, to $83.38 a barrel at 1036 GMT. U.S. West Texas Intermediate crude futures climbed 37 cents, or 0.5%, to $78.28 a barrel. The dollar...


Oil extended gains on Thursday after Israel rejected a ceasefire offer from Hamas, while a weaker dollar also supported prices. Brent crude futures rose 30 cents, or 0.4%, at $79.51 a barrel at 0400 GMT. U.S. West Texas Intermediate crude futures climbed 26 cents, or 0.4% to $74.12 a...


Oil prices rose on Tuesday on expectations of potential economic stimulus by China, healthy demand in the rest of Asia and a drop in U.S. crude stockpiles. Brent crude futures rose 63 cents, or 0.8%, to $84.81 a barrel at 0840 GMT, while U.S. West Texas Intermediate futures gained 68 cents, or...


Crude oil prices inched higher on Wednesday as optimism for a demand recovery in China and expectations that major producers will maintain current output policy offset global recession worries. Brent crude rose 17 cents, or 0.2%, to $86.30 per barrel by 0740 GMT after falling 2.3% in the prior...


Oil ticked higher on Monday after China took steps to bolster its flagging economy, though investors remained worried about the pace of growth as well as further U.S. interest rate hikes that could dampen demand. China halved stamp duty on stock trading in the latest attempt to boost struggling...


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 $1.16, or 1.3%, to $89.09 a...


Oil rose for a third day as signs the physical market is tightening offset growing demand risks in China and the US. Global benchmark Brent traded above $85 a barrel and is up more than 2% since last Wednesday’s close. The most immediate parts of the oil futures curve are pointing...


Oil rose for a second day following supply disruptions in Libya, while another attack on a container ship in the Red Sea and blasts in Iran increased tensions in the Middle East.  West Texas Intermediate climbed to around $73 a barrel after jumping by more than 3% on Wednesday, when...


Oil prices rose for a second day on Thursday, buoyed by expectations that demand in the U.S., the world's biggest oil consumer, will improve as refineries try to return to service after outages and as the dollar weakened. Brent crude futures rose 34 cents, or 0.4%, to $83.37 a barrel at 0740 GMT....


Oil prices rose on Monday, after top exporters Saudi Arabia and Russia reaffirmed their commitment to extra voluntary oil supply cuts until the end of the year. Brent crude futures rose $1.36, or 1.6%, to $86.25 a barrel , while U.S. West Texas Intermediate crude was at $81.94 a barrel, up $1.43,...


Oil prices rose Wednesday even after a surprise rise in U.S. crude inventories stoked demand concerns as economic worries competed with a tighter supply outlook for later in the year. Brent crude futures rose 44 cents, or 0.6%, to $75.35 a barrel. West Texas Intermediate U.S. crude was up 41...


Oil rose on Tuesday after top exporter Saudi Arabia said OPEC+ was sticking with output cuts and could take further steps to balance the market, outweighing global recession worries and concern about China’s rising Covid-19 case numbers. Saudi Arabian Energy Minister Prince Abdulaziz bin Salman...


Oil advanced after Iran sent a warship to the Red Sea in response to the destruction of three Houthi boats by the US Navy over the weekend.   West Texas Intermediate traded near $72 a barrel after declining by 5.2% over the prior three sessions, while Brent closed around $77 on Friday....


Oil prices regained some ground in Asian trade on Wednesday amid concerns over attacks on shipping in the Red Sea and growing expectations that cuts to U.S. interest rates will take longer than thought. Brent crude futures rose 24 cents or 0.3% to $82.58 a barrel by 0721 GMT, while U.S. West...


Oil prices ticked up on Tuesday but investors remained cautious ahead of key interest rate decisions and inflation data releases, while concerns over excess supply and slowing growth in demand kept a lid on gains. Brent crude futures for February were up 47 cents, or 0.6%, at $76.50 a barrel as...


Oil Rises ahead of Fed Meet as Middle East Conflict Rages
Wednesday, 1 November 2023 14:40 WIB | Oil

Oil prices edged up in Asian trade on Wednesday ahead of key meetings of global central banks this week, including the U.S. Federal Reserve, while the market closely watched the latest developments in the Israel-Hamas conflict. Brent January crude futures rose 0.8%, or 66 cents, to $85.68 a...


Oil edged higher after dropping the most since Hamas’ attack on Israel as Tel Aviv held off from an invasion of Gaza, containing the conflict in the Middle East for the time being.   West Texas Intermediate traded near $86 a barrel, after slumping 3.7% on Monday as bearishness...


Oil advanced at the week’s open after Saudi Arabia said it will make an extra 1 million barrel-a-day supply cut in July, taking its production to the lowest level for several years following a slide in prices. West Texas Intermediate jumped almost 5% early in the session before paring...


Oil edged higher after dropping the most since Hamas’ attack on Israel as Tel Aviv was seen holding off on an invasion of Gaza amid hostage negotiations, containing the conflict for the time being.  Global benchmark Brent rose above $90 a barrel after tumbling by 2.5% on Monday, while...


Oil Rises after Booking Third Straight Monthly Gain
Friday, 1 September 2023 18:34 WIB | Oil

Oil futures rose early Friday, gaining ground after scoring a third straight monthly gain in August on a tightening supply picture. Survey-based activity data from China also provided support ahead of a three-day weekend for U.S. investors. West Texas Intermediate crude for October delivery rise...


Oil Rises 1% after Fed Keeps Rates Unchanged
Thursday, 2 November 2023 18:41 WIB | Oil

Oil gained 1% on Thursday to snap its three-day decline, as risk appetite returned to financial markets after the U.S. Federal Reserve kept benchmark interest rates on hold. Brent crude futures rose $1.03, or 1.22%, to $85.66 a barrel by 1149 GMT, while U.S. West Texas Intermediate crude futures...


Oil reversed early gains after hot inflation data led traders to anticipate that central bankers are likely to stay hawkish for the coming months. West Texas Intermediate dropped below $76.50, having earlier reached $77.74 after China and India released...


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. West Texas Intermediate declined below $89 a barrel, dropping for a third day in...


Oil dropped after advancing for seven weeks amid a shift away from risk assets spurred by concerns about China. West Texas Intermediate fell toward $82 a barrel after the longest run of weekly gains since mid-2022. Equity benchmarks fell as the week’s trading began, hurt by China’s...


Oil fell after China signaled no relaxation of its Covid Zero stance, setting back the outlook for consumption in the largest crude importer. West Texas Intermediate sank below $91 a barrel, after surging more than 5% last week as speculation about a potential pivot in China’s health strategy and...


Oil dropped for a second day on Friday and was heading for a weekly decline, as a UK interest rate hike added to concern over economic growth that outweighed lower U.S. crude stocks and other signs of tighter supplies. Both crude benchmarks had dropped about $3 on Thursday after the Bank of...


Oil climbed, marking a resumption of a price rally that has been fueled in part by hedge fund wagers that supplies will tighten.  West Texas Intermediate futures rose as much as 0.9% to trade above $90 a barrel. Speculators boosted their bullish positions on WTI to the...


Oil prices rebounded on Friday from losses of more than 1% the previous day as investors turned cautiously optimistic over the fading risk of a U.S. debt default. Brent futures rose $1.15, or 1.5%, to $77.01 a barrel by 1205 GMT, while West Texas Intermediate U.S. crude <CLc2> for July...


Oil rose, following its biggest weekly drop since October, as the US vowed more strikes against Iran’s forces and its proxies in the Middle East and Houthis in Yemen promised to retaliate against bombardments over the weekend.  Brent crude climbed to near $78 a...


Oil rebounded as a key North American pipeline remained shut and on the potential boost to demand from the easing of virus curbs in China. West Texas Intermediate rose toward $72 a barrel after collapsing 11% last week. TC Energy Corp. is continuing recovery efforts at its shuttered...


Oil rallied to a 10-month high as the physical market showed fresh signs of tightness driven by supply cuts from OPEC+ leaders. Global benchmark Brent topped $95 a barrel for the first time since November, advancing for a fourth straight day. Premiums for physical barrels are...


Oil prices climbed, fortified by a weaker dollar and decreasing stockpiles in the US, while China is pressing on with its easing of Covid-19 restrictions.  West Texas Intermediate moved toward $80 a barrel, extending a more than 5% rally in the week’s first three...


Oil pushed higher on optimism that energy demand in China will improve this year after officials ditched Covid Zero. West Texas Intermediate climbed toward $81 a barrel, building on a modest gain on Tuesday and last week’s more-than 8% jump. OPEC Secretary General Haitham...


Oil headed for the highest close since early December on optimism that demand in China will improve after officials ditched Covid Zero, with traders waiting for the International Energy Agency’s latest outlook. West Texas Intermediate climbed toward $81 a barrel, building on a modest...


Oil rose, heading for second weekly gain, as Russia said it may cut crude production in response to the price cap imposed by the Group of Seven on its exports, highlighting risks to global supplies in the new year. West Texas Intermediate gained to more than $79 a barrel, putting it on...


Oil extended an upswing as OPEC+ supply cuts tightened the market, with Saudi Energy Minister Prince Abdulaziz bin Salman due to address a conference on the kingdom’s crude policy and view on net zero. Global benchmark Brent advanced above $94 a barrel after a three-week...


Oil prices rose on Wednesday, erasing earlier losses, after an incident involving a commercial vessel off the coast of Oman, but rising Covid-19 cases in China capped gains. Brent crude futures gained 53 cents, or 0.6%, to $94.39 a barrel, and U.S. West Texas Intermediate (WTI) crude futures rose...


Oil prices erased earlier gains on Thursday during U.S. trading hours as a political standoff about the U.S. debt ceiling overshadowed a G7 finance leaders' meeting, raising jitters about a possible recession in the world's biggest oil consumer. Brent crude was down 27 cents, or 0.4%, to $76.14 a...


Oil prices ticked up on Tuesday on apparent bargain hunting, recovering some ground from the previous day's plunge. But gains were limited as investors remained cautious ahead of key policy decisions by central banks and on weak economic data from China. Brent crude futures climbed 80 cents, or...


Oil prices rose slightly on Wednesday amid plenty of caution as bullish signals like falling U.S. crude stocks and a generally undersupplied market were countered by bearish factors such as uncertain Chinese demand growth and falling gas prices. Brent crude futures for December settlement rose 76...


Oil prices rose on Friday as geopolitical tensions and oil output disruptions in the U.S., the world's biggest producer, caused by cold weather overshadowed concerns about slow Chinese demand growth and forecasts for ample supply. Brent crude futures rose 2 cents to $79.12 a barrel by 0715 GMT,...


Oil Prices Steady Near 3-Month Highs
Tuesday, 25 July 2023 15:34 WIB | Oil

Oil prices were steady on Tuesday, hovering near three-month highs as signs of tighter supplies and pledges by Chinese authorities to shore up the world's second-biggest economy lifted sentiment, while weaker Western economic data weighed. Brent futures were down 4 cents, or 0.05%, at $82.70 a...


Oil prices were little changed early on Tuesday as supply worries offset recession fears and China's commitment to its zero-COVID policy. Brent crude rose 7 cents, or 0.1%, to $97.99 a barrel by 0155 GMT, while U.S. West Texas Intermediate (WTI) crude rose 7 cents, or 0.1%, to $91.86 a...



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