Friday, 29 March 2024
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MINYAK MENTAH

Oil Prices Set for Sixth Straight Weekly Fall as OPEC+ Cuts Underwhelm
Friday, 1 December 2023 18:11 WIB | Oil

Oil prices extended losses on Friday, and looked set for a sixth straight week of declines, as voluntary oil output cuts agreed by OPEC+ producers fell short of market expectations. Brent crude futures for February fell 39 cents, or 0.5%, to $80.47 a barrel by 0345 GMT. U.S. West Texas...


Oil Prices Fall on Weak Demand Indicators, China Data
Thursday, 30 November 2023 17:26 WIB | Oil

Oil prices fell in early Asian trade on Thursday on weaker-than-expected Chinese manufacturing data, but investors maintained caution ahead of an OPEC+ meeting where production cuts are expected. Brent crude futures fell 28 cents, or 0.3%, to $82.90 a barrel by 0024 GMT, while U.S. West Texas...


Oil Holds Two-Day Advance Ahead of High-Stakes OPEC+ Meeting
Thursday, 30 November 2023 13:54 WIB | Oil

Oil steadied after a two-day advance as traders count down to a key meeting that may see OPEC+ extend or deepen production cuts. West Texas Intermediate traded below $78 a barrel, after rising 4% over the previous two sessions. Global benchmark Brent was above $83. OPEC+ heavyweight Saudi...


Oil Prices Extend Gains on OPEC+ cut Bets, more Supply Disruptions
Wednesday, 29 November 2023 16:10 WIB | Oil

Oil prices rose in Asian trade on Wednesday, extending gains from the prior session as traders bet on more production cuts being announced at an OPEC+ meeting this week. A weaker dollar, following less hawkish comments from Federal Reserve officials, also aided oil markets, as did supply...


Oil Extends Climb With OPEC+ Meeting and Weaker Dollar in Focus
Wednesday, 29 November 2023 13:58 WIB | Oil

Oil edged higher as traders counted down to a key OPEC+ meeting on supply, and weighed signs that the Federal Reserve is done hiking interest rates. West Texas Intermediate rose toward $77 a barrel after rallying by more than 2% on Tuesday, with global benchmark Brent near $82. The producer...


Oil on Track to Snap Losing Streak on Hopes of Further OPEC+ Cuts
Tuesday, 28 November 2023 16:09 WIB | Oil

Oil prices rose on Tuesday, snapping a multi-session losing streak ahead of a crucial meeting of OPEC+, which is widely expected to deepen and extend cuts to oil production amid fears of supply being consistently higher than demand. Brent crude futures were up 45 cents, or 0.6%, at $80.43 a...


Oil Edges Higher With Chance of Deeper OPEC+ Cuts in Focus
Tuesday, 28 November 2023 13:58 WIB | Oil

Oil edged higher after a string of losses as the market weighed the possibility of deeper output cuts from OPEC+ against signs supply is running ahead of demand.  West Texas Intermediate traded near $75 a barrel, while global benchmark Brent was close to $80. WTI briefly rose...


Brent Slips Toward $80/bbl Ahead of OPEC+ Meeting
Monday, 27 November 2023 17:04 WIB | Oil

Oil prices slipped on Monday, with Brent falling toward $80 a barrel, as investors awaited the OPEC+ meeting later this week for an agreement to curb supplies into 2024. Brent crude futures fell 37 cents, or 0.5%, to $80.21 a barrel by 0231 GMT, while U.S. West Texas Intermediate crude futures...


Oil Steadies After Three-Day Drop Ahead of Postponed OPEC+ Meet
Monday, 27 November 2023 14:00 WIB | Oil

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 Falls as OPEC+ Meeting Delay Dims Hopes for More Output Cuts
Thursday, 23 November 2023 10:02 WIB | Oil

Oil fell as the OPEC+ meeting that had been set for the weekend was delayed, denting traders’ expectations that the cartel will intervene to tighten supplies.  West Texas Intermediate swung in a roughly $4 range to settle above $77 a barrel after the organization’s gathering...


U.S. Oil Prices Settle Lower for the First Time in 3 Sessions
Wednesday, 22 November 2023 09:48 WIB | Oil

 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...


WTI Crude Oil Rises as OPEC+ Expected to Take Steps to Shore Up Prices
Tuesday, 21 November 2023 09:33 WIB | Oil

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...


Oil Set for Third Weekly Decline as Middle East Conflict Concerns Ebb
Friday, 10 November 2023 22:06 WIB | Oil

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 Bounces after 2-Day Drop to Nearly 4-Month Lows
Friday, 10 November 2023 01:46 WIB | Oil

Oil futures traded higher Thursday, shaking off data that pointed to weak Chinese consumer demand to attempt a bounce after a two-day drop that left crude at its lowest since mid-July. West Texas Intermediate crude for December delivery rose 54 cents, or 0.4%, to $75.87 a barrel on the New York...


Oil Edges Up; Markets Shrug off China Inflation Data, Eye Fresh Drivers
Thursday, 9 November 2023 21:37 WIB | Oil

Oil prices edged up 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 67 cents, or 0.8%, to $80.21 a barrel by 0730 GMT. U.S. West Texas Intermediate (WTI)...


Oil Sputters Near Three-Month Lows as Demand Concerns Mount
Thursday, 9 November 2023 00:50 WIB | Oil

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 Prices at 2½-Month Lows as China Data Offset Supply Cuts
Wednesday, 8 November 2023 01:45 WIB | Oil

Oil prices hit fresh 2½-month lows on Tuesday as mixed economic data from China offset the impact of Saudi Arabia and Russia extending output cuts. Brent crude futures were down $1.42, or 1.7%, to $83.76 a barrel, while U.S. West Texas Intermediate crude was at $79.50 a barrel, down $1.30, or...


Oil Falls 1% as Mixed China Trade Data Offset Supply Cuts
Tuesday, 7 November 2023 21:37 WIB | Oil

Oil prices slipped by 1% on Tuesday, erasing most of Monday's gains, as mixed economic data from the world's second largest oil consumer China and winter demand worries offset the impact of Saudi Arabia and Russia extending output cuts. Brent crude futures slipped 92 cents, or 1.08%, to $84.26 a...


Oil Rises by 1% as Saudi Arabia, Russia Stick to Cuts
Tuesday, 7 November 2023 01:09 WIB | Oil

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 Ticks Upwards after Saudi Arabia, Russia Stick to Output Cuts
Monday, 6 November 2023 21:40 WIB | Oil

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...



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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