Saturday, 20 April 2024
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MINYAK

Oil Edges Higher as Tighter Supplies Vie With Demand Concerns
Wednesday, 21 February 2024 18:27 WIB | Oil

Oil edged higher, buoyed by an upswing in Chinese equities and a weaker dollar, as investors juggled signs of tighter supplies with elevated tensions in the Middle East and a still-shaky demand outlook. Brent rose toward $83 a barrel after falling 1.5% on Tuesday, while West Texas...

Oil Steadies as Tighter Supplies Balanced by Demand Concerns
Wednesday, 21 February 2024 14:12 WIB | Oil

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 Prices Edge Lower as Traders Monitor Middle East Tensions
Wednesday, 21 February 2024 01:43 WIB | Oil

Oil futures moved lower early Tuesday as U.S. traders prepared to return from the Presidents Day holiday weekend, while downside was seen limited by continued worries over the Middle East as Iran-backed Houthi rebels continued to attack cargo ships. West Texas Intermediate crude for March...

Oil Hovers Near 3-Week Highs on Middle East Tensions, China Demand
Tuesday, 20 February 2024 21:57 WIB | Oil

Oil prices edged up on Tuesday, hovering close to three-week highs on heightened Middle East tensions and recovering China demand. Brent futures ticked up 3 cents to $83.59 a barrel by 0757 GMT. U.S. West Texas Intermediate (WTI) crude for April delivery inched up 2 cents to $78.48 a barrel. The...

Oil Holds Near Three-Month High After Another Red Sea Attack
Tuesday, 20 February 2024 18:02 WIB | Oil

Oil held gains near the highest level in over three months after another Houthi strike in the Red Sea, with tensions in the key region for crude production and trade continuing to simmer. Brent traded above $83 a barrel after three days of gains, while West Texas Intermediate was over $79....

Oil Holds Near Three-Month High After Another Red Sea Attack
Tuesday, 20 February 2024 14:05 WIB | Oil

Oil held gains near the highest level in over three months after another Houthi strike on a commercial ship in the Red Sea, with tensions in the key region for crude production and trade continuing to simmer. West Texas Intermediate futures were little changed near $79 a barrel from Friday’s...

Oil Slips on Demand Jitters and Profit-Taking
Tuesday, 20 February 2024 01:03 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 Drops as Sticky US Inflation Heightens Demand Concerns
Monday, 19 February 2024 21:50 WIB | Oil

Oil prices fell as investor attention returned to the demand outlook after reports of higher producer prices in the U.S., the world's biggest oil user, stoked worries that sticky inflation and higher interest rates would limit fuel consumption growth. Brent crude futures were down 55 cents, or...

Oil Dips From Three-Week High on Lingering Concerns Over Demand
Monday, 19 February 2024 18:46 WIB | Oil

Oil slipped from the highest level in three weeks as lingering concerns over the demand outlook offset ongoing Middle East tensions. Brent crude fell below $83 a barrel after rallying almost 8% over the past two weeks, while West Texas Intermediate traded near $79. The International Energy...

Oil Near Highest This Year as Mideast Tensions Stoke Bullishness
Monday, 19 February 2024 14:05 WIB | Oil

Oil edged lower, but remained near the highest level this year as persistent tensions in the Middle East added a risk premium to the market.  Brent crude traded near $83 a barrel after rallying 8% over the past two weeks, while West Texas Intermediate was close to $79. Qatar...

Oil Slips Ahead of US Pricing Data After Gloomy Demand Outlook
Saturday, 17 February 2024 00:11 WIB | Oil

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 Holds Large Gain as Equity Market Surge Eclipses IEA Warning
Friday, 16 February 2024 17:34 WIB | Oil

Oil held a large advance as a risk-on mood in wider markets and signs OPEC+ members are complying with supply cuts overshadowed a gloomy demand outlook from the IEA. Brent crude traded just below $83 a barrel after rising 1.5% on Thursday, while West Texas Intermediate was near $78, near its...

WTI Oil Closes Higher Even as the IEA Sees Oil Supply Rising Above Demand in 2024
Friday, 16 February 2024 09:34 WIB | Oil

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...

Oil Slips after Large US Crude Stock Build
Thursday, 15 February 2024 22:58 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 Extends Drop as Surge in US Crude Inventories Clouds Outlook
Thursday, 15 February 2024 17:53 WIB | Oil

Oil fell for a second day after data showed US crude inventories rose by the most since November, keeping benchmarks in this year’s narrow range. Brent crude declined toward $81 a barrel after dropping 1.4% on Wednesday, while West Texas Intermediate approached $76. Nationwide...

Oil Slips After Large US Crude Stock Build
Thursday, 15 February 2024 15:37 WIB | Oil

Oil prices eased in early trade on Thursday after a data showed that U.S. crude inventories jumped much more than expected, raising concerns about demand in the world's largest economy. Brent crude futures fell 34 cents, or 0.4%, to $81.26 a barrel at 0135 GMT, while U.S. West Texas Intermediate...

WTI Crude Oil Falls for the First Time in Eight Days on a Big Rise in US Inventories
Thursday, 15 February 2024 09:46 WIB | Oil

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,...

Oil Steadies With US Inventory Trends and OPEC+ Cuts in Focus
Wednesday, 14 February 2024 21:03 WIB | Oil

Oil steadied after a mixed US inventory report, while OPEC and the IEA offered contrasting outlooks for the global crude market. Brent crude traded near $83 a barrel after rising almost 1% on Tuesday. West Texas Intermediate was above $77 following a seven-day advance. The...

Oil Edges Lower as Industry Report Points to Surge in Stockpiles
Wednesday, 14 February 2024 15:42 WIB | Oil

Oil edged lower from the highest close in two weeks after a US industry report flagged a substantial build in US crude stockpiles, while OPEC and the IEA offered contrasting outlooks for the global market. Brent crude fell toward $82 a barrel after rising almost 1% on Tuesday. West Texas...

Market Review Tuesday, February 13, 2024
Wednesday, 14 February 2024 10:58 WIB | Market update

Nikkei Japanese equities climbed, with the Nikkei 225 Stock Average advancing the most since November 2022, as tech shares led gains after Tokyo Electron Ltd. boosted its full-year revenue and profit guidance. The Nikkei climbed 2.9% to 37,963.97 at the 3 p.m. close in Tokyo, putting it about 2%...


Market Review Wednesday, April 17, 2024
Thursday, 18 April 2024 03:20 WIB

Nikkei Japanese stocks fell, marking their biggest three-day drop since October, as investors continued to be on watch for any risk of currency...

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S&P 500 And Nasdaq Close Lower For A Fourth Straight Day As Nvidia Shares Slide
Thursday, 18 April 2024 03:14 WIB

The S&P 500 dropped for a fourth consecutive session on Wednesday, as Nvidia and other struggling technology names put downward pressure on the...

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US Equity Indexes Decline Amid Quarterly Earning Reports
Wednesday, 17 April 2024 23:20 WIB

US equity indexes slipped as the earnings onslaught continued and government bond yields fell with crude oil after midday on Wednesday. The S&P...

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S&P 500 rises on Wednesday as it tries to snap a 3-day losing streak
Wednesday, 17 April 2024 20:44 WIB

U.S. stocks rose Wednesday after the S&P 500 notched its third straight day of losses, as the corporate earnings season ramped up. The broad...

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