Friday, 29 March 2024
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MINYAK MENTAH

Oil Holds Decline With Risk-Off Tone Countering Red Sea Flare-Up
Wednesday, 3 January 2024 14:03 WIB | Oil

Oil held a drop as broad risk-off sentiment undercut concerns about escalating conflict in the Red Sea. West Texas Intermediate traded above $70 a barrel after dropping 1.8% on Tuesday, with global benchmark Brent closing below $76. Traders are paring back bets on the scale...


Oil Jumps 1% in New Year after U.S. Forces Repel Houthis in Red Sea
Tuesday, 2 January 2024 17:01 WIB | Oil

Oil prices jumped 1% on Tuesday, starting the New Year higher as a Red Sea naval clash focused attention on potential Middle East supply disruptions and expectations of Chinese economic stimulus boosted the demand outlook in the world's top crude importer. Brent crude rose $1.03, or 1.3%, to...


Oil Rises as Iran Warship Enters Red Sea Following Boat Attacks
Tuesday, 2 January 2024 14:09 WIB | Oil

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....


U.S. Crude Oil Sheds more than 10% for the Year in First Annual Decline Since 2020
Saturday, 30 December 2023 09:59 WIB | Oil

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...


Crude Futures Fall After Mixed Inventories Report
Friday, 29 December 2023 10:05 WIB | Oil

Crude oil futures get little help from a bigger-than-expected reduction in U.S. crude inventories for last week as stocks at the Nymex delivery hub at Cushing, Okla. rose. Oil prices were weaker on easing concerns about shipping disruptions in the Red Sea, and extended losses after the EIA...


Oil Drops Almost 2% as Investors Watch Red Sea Developments
Thursday, 28 December 2023 09:55 WIB | Oil

Oil prices dropped nearly 2% on Wednesday, eating into the previous day's gains as investors monitored developments in the Red Sea, where shippers are returning despite further attacks on Tuesday. Brent crude futures settled down $1.42, or 1.8%, at $79.65 a barrel. U.S. West Texas Intermediate...


Oil Nudges Higher as Investors Eye Middle East Tensions, US Rate Cut
Tuesday, 26 December 2023 21:59 WIB | Oil

Oil prices nudged higher on Tuesday as investors focused on geopolitical tensions in the Middle East and optimism the U.S. Federal Reserve would soon start cutting interest rates, lifting global economic growth and fuel demand. Brent crude futures rose 26 cents, or 0.3%, to $79.33 a barrel by...


Oil Rises on Weaker Dollar, IEA Demand Upgrade
Friday, 15 December 2023 02:00 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 U.S. Inventory Draw, Dollar Weakness
Thursday, 14 December 2023 23:29 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 Stable Around Six-Month Lows
Thursday, 14 December 2023 02:31 WIB | Oil

Oil prices were little changed on Wednesday, after falling by more than 3% to six-month lows in the previous session on oversupply and demand concerns. Brent crude futures for February were up 6 cents, or 0.08%, to $73.30 a barrel at 1142 GMT. U.S. West Texas Intermediate crude futures for...


Oil Holds Soft Tone on Oversupply Worries Ahead of Fed Meeting
Wednesday, 13 December 2023 22:51 WIB | Oil

Oil prices extended losses on Wednesday, after falling by more than 3% to six-month lows on oversupply and demand concerns. Brent crude futures for February fell 33 cents, or 0.45%, to $72.91 a barrel by 0621 GMT. U.S. West Texas Intermediate crude futures for January dropped 29 cents, or 0.42%,...


Oil Slips as Oversupply Concerns Offset Production Curbs
Wednesday, 13 December 2023 01:43 WIB | Oil

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 Rises Ahead of Interest Rate Decisions, Oversupply Fears Linger
Tuesday, 12 December 2023 22:02 WIB | Oil

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 Extends Gains on US Strategic Reserve Purchases
Monday, 11 December 2023 21:51 WIB | Oil

Oil prices rose on Monday, extending gains for a second session as U.S. efforts to replenish strategic reserves provided some support, although concerns of crude oversupply and softer fuel demand growth next year persisted. Brent crude futures rose 0.7%, or 56 cents, to $76.40 a barrel by 0735...


Oil Heads for 7th Weekly Loss as Supply surplus, Weak China Demand Weigh on Market
Friday, 8 December 2023 22:06 WIB | Oil

Oil benchmarks were headed for a seventh straight weekly decline on worries over a global supply surplus and weak Chinese demand, although prices recovered ground on Friday after Saudi Arabia and Russia called for more OPEC+ members to join output cuts. Brent crude futures rose $1.54, or 2.1%, to...


Oil Slips as Markets Weigh OPEC+ cuts Against China Demand Concerns
Thursday, 7 December 2023 02:14 WIB | Oil

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 Prices Edge Lower after 3-Day Losing Streak
Wednesday, 6 December 2023 02:16 WIB | Oil

Oil futures on Tuesday threatened to extend their losing streak to a fourth session, extending a decline attributed in part to skepticism over the ability of OPEC+ to deliver on additional production cuts early next year. West Texas Intermediate crude for January delivery was off 9 cents, or...


Oil Prices Little Changed amid OPEC+ cut Doubts, Mideast Tension
Tuesday, 5 December 2023 22:10 WIB | Oil

Oil prices held steady on Tuesday amid uncertainty over voluntary output cuts by the OPEC+ group of producers, tensions in the Middle East and weak economic data from the U.S.. Brent crude futures inched up 14 cents to $78.17 a barrel by 0735 GMT, while U.S. West Texas Intermediate crude futures...


Oil Prices Drop 1% as Doubts Linger over OPEC+ Production Cuts
Tuesday, 5 December 2023 02:14 WIB | Oil

Oil futures fell Monday, building on a decline last week that came after a round of voluntary production cuts announced by OPEC+ left traders skeptical about compliance. West Texas Intermediate crude for January delivery fell 76 cents, or 1%, to $73.31 a barrel on the New York Mercantile...


Market Review Friday, December 1, 2023
Saturday, 2 December 2023 11:00 WIB | Market update

Nikkei Tokyo's key Nikkei 225 index ended lower on Friday, with a dearth of fresh market-moving events and some profit-taking weighing on the market. The benchmark Nikkei 225 index slipped 0.17 percent, or 55.38 points, to 33,431.51, while the broader Topix index ended up 0.32 percent, or 7.59...



Market Review Tuesday, March 26, 2024
Wednesday, 27 March 2024 03:31 WIB

Nikkei Tokyo stocks ended flat on Tuesday as investors held out hope for gains in semiconductor-related shares while locking in profits after...

S&P 500 Rises Slightly, Tries to Recover from Back-to-Back Losses
Tuesday, 26 March 2024 20:38 WIB

U.S. stocks rose slightly Tuesday, as investors tried to resume the rally that took equities to record highs after a decline in the previous...

European stocks close slightly higher; Tui shares up 5%, Maersk falls 2.6%
Wednesday, 27 March 2024 00:11 WIB

European markets closed higher Tuesday as investors continue to ponder last week's central bank policy decisions in Europe and the U.S. The...

S&P 500 Closes Lower for a Third Straight Session as Market Rally Cools
Wednesday, 27 March 2024 03:26 WIB

The S&P 500 fell for a third consecutive session on Tuesday. The broader market index slid 0.28% to close at 5,203.58, while the Nasdaq...

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