Thursday, 18 April 2024
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MINYAK BRENT

Oil Prices Struggle for Direction as Traders Weigh Demand Worries, Middle East Supply Threats
Friday, 19 January 2024 02:55 WIB | Oil

Oil futures were little changed Thursday morning, struggling for direction as traders weighed the outlook for demand, as well as the threat to supply from strife in the Middle East. West Texas Intermediate crude for February delivery was off 1 cent at $72.55 a barrel on the New York Mercantile...


Oil Jumps 4% as Tankers Avoid Red Sea after Strikes
Saturday, 13 January 2024 02:11 WIB | Oil

Oil prices leaped 4% on Friday, as oil tankers diverted course from the Red Sea following overnight air and sea strikes by the United States and Britain on Houthi targets in Yemen after attacks on shipping by the Iran-backed group. Witnesses in Yemen confirmed explosions throughout the...


Oil Prices Firm as Middle East Tensions Heat Up
Friday, 12 January 2024 01:58 WIB | Oil

Oil prices rose on Thursday after an oil tanker was boarded by an armed group in Oman, raising the prospect of escalating conflict in the Middle East. Brent crude futures gained $1.33, or 1.7%, to $78.13 a barrel and U.S. West Texas Intermediate crude futures rose $1.30, or 1.8%, to $72.66,...


Oil Climbs a Second Day after US Crude Inventories Draw Down
Wednesday, 10 January 2024 21:58 WIB | Oil

Oil rose for a second day on Wednesday after an industry report showed a bigger-than-expected drawdown of crude inventories in the United States, the world's biggest oil consumer, that bolstered demand sentiment. Brent crude futures rose 26 cents, or 0.3%, to $77.85 a barrel at 0724 GMT, while...


Oil Down more than 1% as Saudi Price Cuts Offset Mid-East Worries
Monday, 8 January 2024 22:10 WIB | Oil

Oil prices fell by more than 1% on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in OPEC output, offsetting worries about escalating geopolitical tension in the Middle East. Brent crude slipped 0.93%, or 73 cents, to $78.03 a barrel by 0753 GMT after falling more than 1%...


Oil Prices Higher on Fed Comments on Inflation, Middle East Tensions
Friday, 5 January 2024 17:09 WIB | Oil

Oil prices edged higher on Friday after minutes from a Federal Reserve meeting suggested inflation was under control and as U.S. Secretary of State Antony Blinken prepared to visit the Middle East to prevent escalation in the Israel-Gaza conflict. Brent crude futures were up 37 cents, or 0.5%, to...


Oil Set for Modest Weekly Gain as US Data Offsets Supply Risks
Friday, 5 January 2024 15:06 WIB | Oil

Oil was steady Friday but headed for a modest weekly gain as the market weighed signs of weakening US demand against tensions in the Middle East and North Africa. West Texas Intermediate traded above $72 a barrel after declining 0.7% Thursday, when Brent crude closed below $78....


Oil Extends Gains on Middle East Supply Worries
Thursday, 4 January 2024 19:00 WIB | Oil

Oil prices rose on Thursday, adding to solid gains in the previous session on persisting concerns over Middle Eastern supply following disruptions at a field in Libya and heightened tension around the Israel-Gaza war. Brent crude rose 38 cents, or 0.5%, to $78.63 a barrel by 0440 GMT, while U.S....


Oil Rises for Second Day on Libyan Outages, Red Sea Tensions
Thursday, 4 January 2024 13:53 WIB | Oil

Oil rose for a second day following supply disruptions in Libya, while another attack on a container ship in the Red Sea and blasts in Iran increased tensions in the Middle East.  West Texas Intermediate climbed to around $73 a barrel after jumping by more than 3% on Wednesday, when...


Oil Prices Hold Steady Amid Economic Concerns Despite Red Sea Worries
Wednesday, 3 January 2024 17:28 WIB | Oil

Oil prices stabilised in early Asian trade on Wednesday after sharp moves earlier in the week, as markets weighed concerns about the U.S. economy and potential supply disruptions from ongoing tensions in the Red Sea. Brent crude slipped 1 cent, or 0.01%, to $75.88 a barrel by 0300 GMT, while U.S....


Oil Holds Decline With Risk-Off Tone Countering Red Sea Flare-Up
Wednesday, 3 January 2024 14:03 WIB | Oil

Oil held a drop as broad risk-off sentiment undercut concerns about escalating conflict in the Red Sea. West Texas Intermediate traded above $70 a barrel after dropping 1.8% on Tuesday, with global benchmark Brent closing below $76. Traders are paring back bets on the scale...


Oil Jumps 1% in New Year after U.S. Forces Repel Houthis in Red Sea
Tuesday, 2 January 2024 17:01 WIB | Oil

Oil prices jumped 1% on Tuesday, starting the New Year higher as a Red Sea naval clash focused attention on potential Middle East supply disruptions and expectations of Chinese economic stimulus boosted the demand outlook in the world's top crude importer. Brent crude rose $1.03, or 1.3%, to...


Oil Rises as Iran Warship Enters Red Sea Following Boat Attacks
Tuesday, 2 January 2024 14:09 WIB | Oil

Oil advanced after Iran sent a warship to the Red Sea in response to the destruction of three Houthi boats by the US Navy over the weekend.   West Texas Intermediate traded near $72 a barrel after declining by 5.2% over the prior three sessions, while Brent closed around $77 on Friday....


U.S. Crude Oil Sheds more than 10% for the Year in First Annual Decline Since 2020
Saturday, 30 December 2023 09:59 WIB | Oil

U.S. crude oil closed out the year more than 10% lower as bearish sentiment has taken over due to worries that the market is oversupplied from record production outside OPEC. The West Texas Intermediate contract for February shed 12 cents, or 0.17%, to settle at $71.65 a barrel on Friday. The...


Crude Futures Fall After Mixed Inventories Report
Friday, 29 December 2023 10:05 WIB | Oil

Crude oil futures get little help from a bigger-than-expected reduction in U.S. crude inventories for last week as stocks at the Nymex delivery hub at Cushing, Okla. rose. Oil prices were weaker on easing concerns about shipping disruptions in the Red Sea, and extended losses after the EIA...


Oil Drops Almost 2% as Investors Watch Red Sea Developments
Thursday, 28 December 2023 09:55 WIB | Oil

Oil prices dropped nearly 2% on Wednesday, eating into the previous day's gains as investors monitored developments in the Red Sea, where shippers are returning despite further attacks on Tuesday. Brent crude futures settled down $1.42, or 1.8%, at $79.65 a barrel. U.S. West Texas Intermediate...


Oil Nudges Higher as Investors Eye Middle East Tensions, US Rate Cut
Tuesday, 26 December 2023 21:59 WIB | Oil

Oil prices nudged higher on Tuesday as investors focused on geopolitical tensions in the Middle East and optimism the U.S. Federal Reserve would soon start cutting interest rates, lifting global economic growth and fuel demand. Brent crude futures rose 26 cents, or 0.3%, to $79.33 a barrel by...


Oil Rises on Weaker Dollar, IEA Demand Upgrade
Friday, 15 December 2023 02:00 WIB | Oil

Oil prices rose on Thursday, extending the previous session's gains, boosted by a weaker dollar and as the International Energy Agency (IEA) lifted its oil demand forecast for next year. Brent futures were up $1.42, or 1.9%, to $75.68 a barrel at 1131 GMT. U.S. West Texas Intermediate (WTI) crude...


Oil Rises on U.S. Inventory Draw, Dollar Weakness
Thursday, 14 December 2023 23:29 WIB | Oil

Oil prices rose on Thursday, extending the previous session's gains, on a bigger-than-expected weekly withdrawal from U.S. crude storage and a weaker dollar after the U.S. central bank signalled lower borrowing costs for 2024. Brent futures was up $1, or 1.3%, to $75.26 a barrel as of 0900 GMT....


Oil Prices Stable Around Six-Month Lows
Thursday, 14 December 2023 02:31 WIB | Oil

Oil prices were little changed on Wednesday, after falling by more than 3% to six-month lows in the previous session on oversupply and demand concerns. Brent crude futures for February were up 6 cents, or 0.08%, to $73.30 a barrel at 1142 GMT. U.S. West Texas Intermediate crude futures for...



US Retail Sales Exceed Forecast and Prior Month Revised Higher
Monday, 15 April 2024 19:43 WIB

US retail sales rose by more than forecast in March and the prior month was revised higher, showcasing resilient consumer demand that's likely to...

Dow Futures Rebound from Worst Week of 2024 Even as Traders Brace for Israel Response to Iran Attack
Monday, 15 April 2024 18:22 WIB

U.S. stock futures ticked higher Monday even as investors dealt with a multitude of issues, including Iran's missile and drone strike on Israel and...

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...

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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