Saturday, 9 March 2024 09:35 WIB | Oil
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...
Tuesday, 5 March 2024 09:41 WIB | Oil
Crude futures settle lower after a choppy start as some view the extension of OPEC+ output cuts as a sign the group could be rethinking its above-consensus demand views.
The extension, including additional output and export curbs by Russia, "likely highlights some bearishness in global demand...
Saturday, 24 February 2024 01:00 WIB | Oil
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...
Friday, 23 February 2024 01:19 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...
Thursday, 22 February 2024 21:47 WIB | Oil
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....
Thursday, 22 February 2024 00:59 WIB | Oil
Oil prices extended losses from the previous session on Wednesday, as growing expectations that cuts to U.S. interest rates will take longer than thought outweighed ongoing concerns over attacks on shipping in the Red Sea.
Brent crude futures fell by 47 cents, or 0.57%, to $81.87 a barrel by 1034...