Friday, 19 April 2024
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MINYAK

Oil Holds Advance With OPEC+ Cutbacks and Geopolitics in Focus
Tuesday, 26 March 2024 18:31 WIB | Oil

Oil steadied after the biggest gain in a week, with OPEC+ set to affirm its policy of production cuts amid tensions in the Middle East and Russia. Global benchmark Brent traded below $87 a barrel after rising 1.6% on Monday, while West Texas Intermediate was near $82. OPEC+...


Oil Holds Advance With OPEC+ Cutbacks and Geopolitics in Focus
Tuesday, 26 March 2024 14:17 WIB | Oil

Oil held the biggest gain in a week, with OPEC+ set to affirm its policy of production cuts amid tensions in the Middle East and Russia. Global benchmark Brent traded near $87 a barrel after gaining 1.6% on Monday, while West Texas Intermediate was above $82. OPEC+ delegates weren’t...


Oil Prices Rise as Supply Outlook Tightens; Gaza Ceasefire Unlikely
Tuesday, 26 March 2024 02:47 WIB | Oil

Oil prices rose Monday on heightened supply concerns, amid easing expectations of an Israel-Hamas ceasefire was imminent and as hostilities intensified between Russia and Ukraine. At 08:45 ET (12:45 GMT), Brent oil futures rose 0.4% to $85.13 a barrel, while West Texas Intermediate crude futures...


Oil Rises as Heightened Geopolitical Risks Exacerbate Supply Concerns
Monday, 25 March 2024 22:00 WIB | Oil

Oil prices rose in Asian trading on Monday on concerns over tighter global supply brought about by escalating conflicts in the Middle East and between Russia and Ukraine, while a shrinking U.S. rig count added to upward price pressure. Brent crude futures climbed 39 cents, or 0.5%, to $85.82 a...


Oil Ticks Higher as Sanctions and Russian Attacks Take Spotlight
Monday, 25 March 2024 17:39 WIB | Oil

Oil advanced after a three-day drop on signs of a tightening market driven by sanctions, geopolitical risks, and OPEC+ supply cuts. Brent crude rose toward $86 a barrel after retreating by more than 2% in the final three days of last week, while West Texas Intermediate was above $81. Indian...


Oil Ticks Higher as Sanctions and Russian Attacks Take Spotlight
Monday, 25 March 2024 14:11 WIB | Oil

Oil edged higher after a three-day drop on signs of a tightening market driven by sanctions, geopolitical risks, and OPEC+ supply cuts. Brent crude rose toward $86 a barrel after retreating by more than 2% in the final three days of last week, while West Texas Intermediate was below $81....


Market Review Friday, March 22, 2024
Saturday, 23 March 2024 10:06 WIB | Market update

Nikkei Japanese equities rose for a second day with the Nikkei 225 closing at a new record high as exporters climbed after solid US economic data lifted shares on Wall Street and the yen remained lower against the dollar. Nikkei advanced 0.2% to 40,888.43 as of market close Tokyo time. Topix...


May WTI Crude Oil Closes Lower as the Dollar Surges, Offsetting Supply Concerns
Saturday, 23 March 2024 08:38 WIB | Oil

West Texas Intermediate (WTI) crude oil closed lower on Friday, falling for a third day as the dollar rose to the highest in more than a month. WTI crude for May delivery closed down US$0.44 to settle at US$80.63 per barrel, while May Brent crude, the global benchmark, closed down US$0.35 to...


Oil Slips on Stronger U.S. Dollar, Ceasefire Hopes
Friday, 22 March 2024 22:34 WIB | Oil

Crude futures edge lower on a stronger U.S. dollar and as international leaders ratchet up pressure on Israel for an immediate ceasefire in Gaza. Brent crude and WTI are both down 0.3% at $85 and $80.85 a barrel, respectively. "A stronger USD outweighed the optimism of rate cuts by the Fed," ANZ...


Oil Declines for Third Day as Stronger US Dollar Casts a Pall
Friday, 22 March 2024 19:30 WIB | Oil

Oil fell for a third day, with traders assessing the outlook for global interest rates and the US dollar. Brent crude dropped toward $85 a barrel after losing almost 2% over the previous two days, while West Texas Intermediate was below $81. A gauge of the US currency is on course for its...


Oil Steadies After Two-Day Drop as Rates, Geopolitics Dominate
Friday, 22 March 2024 14:06 WIB | Oil

Oil held a two-day drop, with traders assessing the outlook for global interest rates and geopolitical tensions in the Middle East. Brent crude traded below $86 after falling almost 2% over the previous two days, while West Texas Intermediate was near $81. A surprise rate cut from...


Market Review Thursday, March 21, 2024
Friday, 22 March 2024 10:13 WIB | Market update

Nikkei Tokyo shares ended sharply higher Thursday, helped by a cheaper yen and US rallies after the Federal Reserve kept rates unchanged. The benchmark Nikkei 225 index jumped 2.03 percent, or 812.06 points, to end at 40,815.66, while the broader Topix index climbed 1.64 percent, or 45.24...


Oil Broadly Steady after Surprise US Crude Stock Drop
Friday, 22 March 2024 02:35 WIB | Oil

Oil prices were broadly steady on Thursday, shored up by a surprise U.S. crude stock drop and the U.S. Federal Reserve sticking to its outlook on rate cuts for the year. Brent crude futures for May were down 31 cents, or 0.4%, to $85.64 a barrel by 1213 GMT. They fell by 1.6% on Wednesday. U.S....


Oil Pushes Higher as Fed’s Plan and US Stockpile Draw Buoy Mood
Thursday, 21 March 2024 18:38 WIB | Oil

Oil gained after the Federal Reserve signaled it still planned to cut interest rates this year, boosting risk appetite and hurting the dollar. Global benchmark Brent rose toward $87 a barrel following the biggest drop in about a month on Wednesday after it strayed into overbought territory....


Oil Pushes Higher as US Stockpile Draw and Fed’s Plan Buoy Mood
Thursday, 21 March 2024 14:41 WIB | Oil

Oil advanced after US stockpiles fell and the Federal Reserve signaled that it would cut interest rates this year, boosting risk appetite across wider markets and bruising the dollar. Global benchmark Brent rose above $86 a barrel, climbing for the third time four sessions, while West Texas...


WTI Crude Oil Retreats Despite a Drop in US Inventories as the Dollar Rises Ahead of the Fed Rate Decision
Thursday, 21 March 2024 08:35 WIB | Oil

West Texas Intermediate (WTI) crude oil closed lower, retreating from a five-month high on Wednesday even as a report showed a drop in US inventories as the dollar rose ahead of the end of the two-day meeting of the Federal Reserve's policy committee. WTI crude oil for April delivery closed down...


Oil Retreats from Multi-Month Highs Ahead of Fed Decision
Thursday, 21 March 2024 01:12 WIB | Oil

Oil prices edged lower on Wednesday after hitting multi-month highs in the previous session, as investors braced for the U.S. Federal Reserve's interest rate policy announcement later in the day. Brent crude futures for May fell 62 cents, or 0.71%, to $86.76 a barrel by 1028 GMT. U.S. West Texas...


Oil Steadies as Focus Shifts to US Stockpiles and Fed’s Decision
Wednesday, 20 March 2024 17:32 WIB | Oil

Oil steadied after a two-day gain as an industry group flagged a fall in US crude stockpiles, and traders counted down to an interest-rate decision by the Federal Reserve that’ll shape the broader market tone. Brent was little changed above $87 a barrel after a 2.4% advance in the week’s...


Oil Steadies as Focus Shifts to US Stockpiles and Fed’s Decision
Wednesday, 20 March 2024 14:41 WIB | Oil

Oil steadied after a two-day gain as an industry group flagged a fall in US crude stockpiles, and traders counted down to an interest-rate decision by the Federal Reserve. Brent was little changed above $87 a barrel after a 2.4% advance in the week’s first two sessions lifted the benchmark...


Oil Prices Edge Down as Russia Lifts Supplies, Jet Fuel Demand Stirs Caution
Tuesday, 19 March 2024 17:12 WIB | Oil

Oil prices edged down early on Tuesday after gaining in the previous trading session, due in part to the prospect of rising supply from Russia as well as the possibility of slower-than-expected downstream demand in sectors such as jet fuel. The Brent crude oil futures contract for May delivery...



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...

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...

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...

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