Monday, 29 May 2023 23:25 WIB | Energy
Oil prices were steady on Monday after U.S. leaders reached a tentative debt ceiling deal, possibly averting a default in the world's largest economy and oil consumer, but concerns about further interest rate hikes capped gains.
Brent crude futures climbed 14 cents, or 0.2%, to $77.09 a barrel by...
Wednesday, 24 May 2023 17:23 WIB | Energy
Oil prices gained over $1 on Wednesday after U.S. inventories and fuel supplies tightened and as a warning from the Saudi energy minister to speculators raised the prospect of further OPEC+ output cuts.
Brent crude futures last rose 68 cents, or 0.9%, to $77.52 a barrel by 0330 GMT, while the...
Tuesday, 23 May 2023 17:43 WIB | Energy
Oil prices continued to climb on Tuesday with investors expecting a tighter market led by a seasonal rise in gasoline demand and supply cuts from OPEC+ producers, though concerns over the risk of a U.S. debt default capped gains.
Brent crude futures rose 28 cents, or 0.37%, to $76.27 a barrel by...
Monday, 22 May 2023 18:00 WIB | Energy
Oil prices slipped on Monday as caution around the U.S. debt ceiling talks and concerns about demand recovery in China offset support from lower supplies from Canada and OPEC+ producers.
Brent crude futures fell 48 cents, or 0.6%, to $75.10 a barrel by 0201 GMT while U.S. West Texas Intermediate...
Saturday, 13 May 2023 08:42 WIB | Energy
US crude futures drop 1.2% to end the day $70.04 a barrel, and finish with a 1.8% weekly decline, the market's fourth consecutive weekly drop.
Prices saw plenty of ups and downs this week as investors initially were bullish on the commodity following last Friday's blockbuster US jobs report for...