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MINYAK

Oil Set for Third Weekly Drop With Demand Concerns Multiplying
Friday, 10 November 2023 13:50 WIB | Oil

Oil headed for a third straight weekly drop on growing demand concerns and the unwinding of its war-risk premium, with Saudi Arabia blaming speculators for the decline.  West Texas Intermediate was steady near $76 a barrel on Friday and is down around 6% for the week. Prices edged...


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 Stable; Markets Shrug Off China Inflation Data, Eye Fresh Drivers
Thursday, 9 November 2023 19:18 WIB | Oil

Oil prices steadied 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 8 cents, or 0.1%, to $79.62 a barrel by 0500 GMT. U.S. West Texas Intermediate (WTI)...


Oil Holds Near Three-Month Low With Demand Headwinds Growing
Thursday, 9 November 2023 13:56 WIB | Oil

Oil held near its lowest in more than three months as bullishness in wider financial markets was offset by signs that demand is weakening and supplies remain ample. West Texas Intermediate edged higher toward $76 a barrel after losing almost 7% over the previous two sessions, while...


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 Holds Near Three-Month Low as Bearish Demand Indicators Grow
Wednesday, 8 November 2023 21:44 WIB | Oil

Oil held near a three-month low as a forecast drop in US gasoline consumption added to a growing array of indicators suggesting the demand outlook is worsening. Global benchmark Brent traded below $82 a barrel after plunging 4.2% on Tuesday, while West Texas Intermediate was near...


Oil Holds Near Three-Month Low as Bearish Demand Indicators Grow
Wednesday, 8 November 2023 17:05 WIB | Oil

Oil held near a three-month low as a forecast drop in US gasoline consumption added to a growing array of indicators suggesting the demand outlook is worsening. Global benchmark Brent edged higher toward $82 a barrel after plunging 4.2% on Tuesday, while West Texas Intermediate was...


Oil Falls to Three-Month Low as Bearish Demand Indicators Grow
Wednesday, 8 November 2023 13:55 WIB | Oil

Oil fell to a three-month low as a forecast drop in US gasoline consumption added to a growing array of indicators suggesting the demand outlook is worsening. West Texas Intermediate edged lower to near $77 a barrel after plunging 4.3% on Tuesday, while global benchmark Brent was near...


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 Prices Ease As Market Awaits China Data To Gauge Demand
Tuesday, 7 November 2023 16:49 WIB | Oil

Oil prices eased on Tuesday, giving up most of the gains from the previous day, on concerns over weak demand in China, with investors focusing on trade data due later in the day to gauge demand from the world's second-largest oil consumer. Brent crude futures fell 23 cents, or 0.3%, to $84.95 a...


Oil Holds Gains as OPEC+ Supply Curbs Balanced by Demand Woes
Tuesday, 7 November 2023 14:02 WIB | Oil

Oil held a modest advance after Saudi Arabia and Russia’s announcements that they would prolong supply cuts through the end of the year was balanced by a worsening demand outlook.  West Texas Intermediate was steady near $81 a barrel after closing 0.4% higher on Monday, while...


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...


Oil Edges Higher After Saudis and Russians Reaffirm Supply Cuts
Monday, 6 November 2023 18:22 WIB | Oil

Oil edged higher after Saudi Arabia and Russia reaffirmed they will stick with oil supply curbs of more than 1 million barrels a day through year-end. Global benchmark Brent crude traded above $85 a barrel, while West Texas Intermediate was near $81. The announcement by the OPEC+...


Oil Edges Higher After Saudis and Russian Reaffirm Supply Cuts
Monday, 6 November 2023 13:42 WIB | Oil

Oil edged higher in Asia after Saudi Arabia and Russia reaffirmed they will stick with oil supply curbs of more than 1 million barrels a day through year-end. Global benchmark Brent crude traded near $85 a barrel, while West Texas Intermediate rose toward $81. The announcement by...


Market Review Friday, November 3, 2023
Saturday, 4 November 2023 09:58 WIB | Market update

Nikkei Holiday Hang Seng Hong Kong shares finished the week with a flourish Friday as global markets extended a rally fuelled by optimism that the Federal Reserve has come to the end of its interest rate-hiking cycle. The Hang Seng Index soared 2.52 percent, or 433.53 points, to...


Oil Heads for Weekly Losses as Mideast Worries Ease, China Demand Uncertain
Friday, 3 November 2023 21:38 WIB | Oil

Oil prices were little changed on Friday, but headed for a second week of losses as supply concerns driven by conflict in the Middle East eased, while the demand outlook from the world's top crude importer China remained uncertain. Brent crude futures rose 34 cents, or 0.4%, to $87.19 a barrel at...


Oil Heads for Second Weekly Drop as Israel War Still Contained
Friday, 3 November 2023 17:23 WIB | Oil

Oil was set for a second weekly loss as the Israel-Hamas war remained contained and clouds appeared on the demand horizon. Global benchmark Brent held near $87 a barrel, after jumping 2.6% on Thursday amid dollar weakness and hints the Federal Reserve is done with tightening. West...



Fed's Powell: Restrictive Policy Needs Further Time to Work
Wednesday, 17 April 2024 00:53 WIB

Federal Reserve (Fed) Chairman Jerome Powell participates in a fireside chat about economic trends in North America at the Wilson Center's...

Asia Markets Extend Declines amid Iran-Israel Tensions; China Economic Data on Deck
Tuesday, 16 April 2024 07:29 WIB

Asia-Pacific markets extended their declines as the world awaits Israel's response to Iran's air assault over the weekend. On Tuesday, China's...

New US Home Construction Falls to Lowest Level Since August
Tuesday, 16 April 2024 19:46 WIB

New home construction in the US slowed last month as consumers try to wait out high mortgage rates in hopes borrowing costs will ease later this...

China's Economic Momentum Shows Signs of Cooling
Tuesday, 16 April 2024 09:12 WIB

China's economic momentum showed signs of cooling in March after a strong start in the first two months of the year, official data showed...

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