Friday, 19 April 2024
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MINYAK BRENT

Oil Steadies as Traders Take Stock of China Concerns and Fed
Thursday, 17 August 2023 18:09 WIB | Oil

Oil steadied after a three-day drop spurred by concerns over the Chinese economy and the possibility of even tighter US monetary policy. West Texas Intermediate was little changed above $79 a barrel after shedding more than 4% this week. Worries over top importer China’s post-pandemic...

Oil Extends Decline as China Concerns and Fed Warning Take Toll
Thursday, 17 August 2023 14:01 WIB | Oil

Oil fell for a fourth day on concerns over the Chinese economy and the possibility of even tighter US monetary policy. West Texas Intermediate dropped toward $79 a barrel, with futures on track for their longest daily losing run since May. Worries over top importer China’s...

Oil Steadies After Two-Day Loss as US Inventories Seen Dropping
Wednesday, 16 August 2023 18:18 WIB | Oil

Oil steadied after a two-day decline as industry estimates pointed to lower US inventories, potentially adding to signs of a tighter market. West Texas Intermediate was little changed near $81 a barrel after losing 2.6% in the week’s first two sessions. The American Petroleum...

Oil Steadies After Two-Day Loss as US Inventories Seen Dropping
Wednesday, 16 August 2023 13:48 WIB | Oil

Oil steadied after a two-day decline as industry estimates pointed to a drop in US inventories, potentially adding to signs of a tighter market. West Texas Intermediate was little changed near $81 a barrel after losing 2.6% in the week’s first two sessions. The American Petroleum...

Oil Holds Decline as China Concerns Persist and Dollar Advances
Tuesday, 15 August 2023 16:29 WIB | Oil

Oil was steady after a loss on Monday on concerns around the health of the Chinese economy and an elevated dollar. West Texas Intermediate traded near $83 a barrel after falling 0.8% in the previous session. Chinese data released Tuesday, including industrial output, retail sales,...

Oil Holds Decline as China Concerns Escalate and Dollar Advances
Tuesday, 15 August 2023 13:44 WIB | Oil

Oil held a loss as concerns around the health of the Chinese economy gained traction and the dollar strengthened. West Texas Intermediate was little changed above $82 a barrel after easing 0.8% on Monday as the greenback rose for a third day. Crude’s drop followed a run of seven...

Oil Retreats Amid China Concerns Following Seven Weekly Gains
Monday, 14 August 2023 17:21 WIB | Oil

Oil dropped after advancing for seven weeks amid a shift away from risk assets spurred by concerns about China. West Texas Intermediate fell toward $82 a barrel after the longest run of weekly gains since mid-2022. Equity benchmarks fell as the week’s trading began, hurt by China’s...

Oil Eases on Stronger Dollar, China Demand Concerns
Monday, 14 August 2023 14:43 WIB | Oil

Oil prices eased on Monday after seven straight weeks of gains supported by tightening supply on OPEC+ output cuts, as concerns about China's faltering economic recovery and a stronger dollar weighed. Brent crude futures fell 29 cents, or 0.3%, to $86.52 a barrel by 0033 GMT while U.S. West Texas...

Oil Edges Up on Higher US Economic Growth Outlook; China Import Slump Weighs
Wednesday, 9 August 2023 08:56 WIB | Oil

Oil prices edged higher on Tuesday, as a U.S. government agency projected a rosier outlook on the economy, but bearish data on China's crude imports and exports weighed. Brent crude futures gained 83 cents to settle at $86.17 a barrel. U.S. West Texas Intermediate crude rose 98 cents to $82.92....

Oil Falls as Black Sea Risk Dismissed Until Supply Halts Arrive
Tuesday, 8 August 2023 08:43 WIB | Oil

Oil dropped as traders shrugged off the risk commodity ships in the Black Sea until disruptions materialized.  West Texas Intermediate settled below $82 a barrel at the start of the week after rising more than 4% over the previous two sessions. In recent days, sea...

Oil on Track for Fifth Week of Gains
Saturday, 29 July 2023 01:12 WIB | Oil

Oil prices were steady on Friday, but on track for a fifth straight week of gains with investors optimistic healthy demand and supply cuts will keep prices buoyant. Risk appetite in wider financial markets has been fuelled by growing expectations that central banks such as the Fed and European...

Oil Prices Bounce Back Toward 3-Month Highs
Friday, 28 July 2023 01:18 WIB | Oil

Oil futures rose early Thursday, taking back ground lost the previous session to trade near three-month highs as investors looked for further tightness in global supplies of crude. West Texas Intermediate crude for September delivery rose 67 cents, or 0.8%, to $79.45 a barrel on the New York...

Oil Climbs Close to April Peak on Tighter Supply
Thursday, 27 July 2023 22:32 WIB | Oil

Oil climbed almost 1% on Thursday, recouping losses from the previous session, supported by supply tightness owing to OPEC+ production cuts and renewed optimism on the outlook for Chinese demand and global growth. Crude has posted four consecutive weekly gains on an expected tightening of supply...

Oil Prices Steady Near 3-Month Highs
Tuesday, 25 July 2023 22:34 WIB | Oil

Oil prices were steady on Tuesday, hovering near three-month highs as signs of tighter supplies and pledges by Chinese authorities to shore up the world's second-biggest economy lifted sentiment, while weaker Western economic data weighed. Brent futures were down 4 cents, or 0.05%, at $82.70 a...

Oil Prices Rise after 4th Straight Weekly Gain
Tuesday, 25 July 2023 01:40 WIB | Oil

Oil futures rose early Monday, looking to build on a fourth straight weekly rise on expectations crude supplies will tighten in the second half of the year. West Texas Intermediate crude for September delivery rose 39 cents, or 0.5%, to $81.46 a barrel on the New York Mercantile Exchange....

Oil Ticks Up as Markets Like Chinese Stimulus, Falling US Inventories
Friday, 21 July 2023 22:11 WIB | Oil

Oil prices crept up on Friday, buoyed by economic stimulus in slow-recovering China and falling inventories in the U.S.. Brent futures were up 65 cents to $80.29 a barrel by 0817 GMT, while U.S. West Texas Intermediate (WTI) crude climbed 64 cents to $76.29 a barrel. Prices closed marginally...

Oil Holds Near $80 as US Stockpile Drop Offsets Demand Worries
Friday, 21 July 2023 02:02 WIB | Oil

Oil steadied near $80 a barrel in London as traders assessed a mixed picture in the US market and China’s efforts to revitalize its sagging economic growth.  Brent futures were slightly higher on Thursday in thin trading typical for this time of year. US data showed crude inventories...

Oil Edges Higher after Back-to-Back Declines
Wednesday, 19 July 2023 01:27 WIB | Oil

Oil futures rose modestly early Tuesday, stabilizing after back-to-back declines as investors await U.S. supply data. West Texas Intermediate crude for August delivery rose 34 cents, or 0.5%, to $74.49 a barrel on the New York Mercantile Exchange. September Brent crude, the global benchmark, was...

Oil Steadies as Investors Digest China Gloom, Eye US Crude Supplies
Tuesday, 18 July 2023 21:44 WIB | Oil

Oil prices were little changed on Tuesday as investors weighed a possible tightening of U.S. crude supplies against weaker-than-expected Chinese economic growth. Brent crude was down 1 cent at $78.49 a barrel by 0753 GMT, while U.S. West Texas Intermediate crude edged up 1 cent to $74.16 a...

Oil Prices Retreat after Weak China Data
Tuesday, 18 July 2023 01:26 WIB | Oil

Oil futures fell Monday, kicking off the week on a negative note after data on China’s economic growth fell short of expectations. West Texas Intermediate crude for August delivery fell $1.04, or 1.4%, to $74.38 a barrel on the New York Mercantile Exchange. September Brent crude, the global...


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...

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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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S&P 500 Closes Lower As Powell Warns Rates Need To Stay High, Dow Snaps 6-Day Losing Streak
Wednesday, 17 April 2024 03:10 WIB

The S&P 500 wavered on Tuesday after Federal Reserve chair Jerome Powell said interest rates may need to stay elevated. The broad index lost...

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UK Unemployment Rate Climbs to 4.2% in Quarter to February vs. 4.0% Expected
Tuesday, 16 April 2024 13:24 WIB

The United Kingdom's (UK) ILO Unemployment Rate came in at 4.2% in the three months to February, rising from 3.9% in the previous period, data...

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