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WTI

Oil Prices Firm On Upbeat Demand Growth Forecasts

Saturday, 12 August 2023 01:50 WIB | Oil

Oil prices gained ground on Friday amid optimistic demand forecasts from the OPEC producer group and the International Energy Agency (IEA). Brent crude was up 49 cents, or 0.6%, at $86.89 a barrel at 1118 GMT while U.S. West Texas Intermediate (WTI) crude futures were up 49 cents, or 0.6%, at...

Oil Hits New Highs As Tighter Supply Offsets China Demand Concern

Thursday, 10 August 2023 01:36 WIB | Oil

Oil hit new peaks on Wednesday with Brent crude touching the highest since April as tighter supply owing to Saudi and Russian output cuts offset concerns over slow demand from China and a report showing rising U.S. crude inventories. Top exporter Saudi Arabia last week extended its voluntary...

Oil Rises As Tighter Supply Offsets China Demand Concern

Wednesday, 9 August 2023 22:23 WIB | Oil

Oil edged higher on Wednesday as tighter supply arising from output cuts by Saudi Arabia and Russia offset concerns over slow demand from top crude importer China and a report showing rising U.S. crude inventories. Saudi Arabia's cabinet said on Tuesday that it reaffirms its support for...

Oil Prices Fall As Weak China Trade Data Offsets Supply Concerns

Tuesday, 8 August 2023 21:54 WIB | Oil

Oil prices slipped on Tuesday after data showed China's imports and exports fell much more than expected in July in a further sign of weak growth in the world's largest oil importer, although losses were limited by expected supply tightness. Brent crude futures were at $85.05 a barrel, down by 29...

Oil Holds Steady Near Four-Month High On OPEC+ Cuts

Monday, 7 August 2023 22:47 WIB | Oil

Oil prices hovered near their highest levels since mid-April after top producers Saudi Arabia and Russia pledged to extend supply cuts through September, further tightening supplies. Prices have seen a sustained rally, with both key benchmarks notching up their sixth consecutive weekly gains last...

Oil Prices Set For Sixth Weekly Gain On Pledged Output Cuts

Friday, 4 August 2023 21:55 WIB | Oil

Oil prices rose for a second day on Friday, set for their sixth week of gains, after Saudi Arabia and Russia, the world's second and third-largest crude producers, pledged to cut output through next month. Brent crude futures for October rose 2 cents to $85.16 a barrel by 0609 GMT, while U.S....

Oil Steady As Supply Concerns Offset US Ratings Downgrade

Thursday, 3 August 2023 21:57 WIB | Oil

Oil prices were little changed on Thursday after a two-day decline, including a sharp drop on Wednesday, as a U.S. government credit downgrade weighed on sentiment, though concerns around supply tightness provided some support. Ratings agency Fitch downgraded the main U.S. credit rating, the...

Oil Prices Jump on Signs of Tightening Supply

Wednesday, 2 August 2023 22:49 WIB | Oil

Oil prices jumped to their highest levels in more than three months on Wednesday after a report that U.S. inventories fell sharply last week. Brent crude futures, the international benchmark, climbed above $85 a barrel early Wednesdayâ€”reaching the highest level in more than three months. At...

WTI Crude Oil Falls From a Three-Month High as the Dollar Strengthens

Wednesday, 2 August 2023 08:28 WIB | Oil

West Texas Intermediate (WTI) crude oil fell off the highest in more than three months on Tuesday, dropping after three rising sessions on a rising dollar. WTI crude for September delivery closed seen down US$0.43 to settle at US$81.37 per barrel. September Brent crude, the global benchmark, was...

Oil Steadies Near Three-Month High On Tighter Supplies

Wednesday, 2 August 2023 02:16 WIB | Oil

Oil hovered around three-month highs on Tuesday as investors focused on tightening global supplies and demand growth in the second half of the year. Brent crude futures for October were at $85.43 a barrel at 1152 GMT, down 20 cents. Front-month Brent settled at its highest since April 13 on...

Oil Dips On Signs Of Profit-Taking After Rallying In July

Tuesday, 1 August 2023 23:00 WIB | Oil

Oil prices edged lower on Tuesday on signs of profit-taking after rallying in July when investors benefited from tightening global supplies and signs of growing demand in the second half of the year. Brent crude futures for October were at $85.89 a barrel at 0822 GMT, down 54 cents. Front-month...

Oil On Track For Biggest Monthly Gains In Over A Year

Monday, 31 July 2023 22:42 WIB | Oil

Oil prices were set to post their biggest monthly gains in more than a year on Monday, on expectations that Saudi Arabia will extend voluntary output cuts into September and tighten global supply. Brent crude futures slipped 7 cents to $84.92 a barrel by 0819 GMT, while U.S. West Texas...

Oil Hits a 3-Month-High, Notches 5th Straight Weekly Gain

Saturday, 29 July 2023 08:31 WIB | Oil

US crude futures overcome some earlier selling to climb 0.6% and finish at $80.58 a barrel, the highest closing price since April 18 and the sixth increase in seven sessions. WTI crude also rises 4.6% for the week, marking the fifth consecutive weekly increase, the longest winning streak since...

Oil Edges Lower After Four-Day Climb With Fed Decision in Focus

Wednesday, 26 July 2023 17:53 WIB | Oil

Oil edged lower after a four-day rally of almost 6% as traders took stock of the advance and looked toward a US interest-rate decision. West Texas Intermediate traded near $79 a barrel after closing at the highest level since mid-April. The gains have been fueled by signs that the...

Oil Edges Lower After Four-Day Climb With Fed Decision in Focus

Wednesday, 26 July 2023 14:08 WIB | Oil

Oil Prices Rise On Tighter Supply, China Hopes

Tuesday, 25 July 2023 17:02 WIB | Oil

Oil prices edged higher for the third straight session on Tuesday, as signs of tighter supplies and pledges by Chinese authorities to shore up the world's second-biggest economy lifted sentiment. Brent futures gained 22 cents, or 0.3%, to $82.96 a barrel by 0253 GMT, while U.S. West Texas...

Oil Holds Near Three-Month High as China Moves to Bolster Growth

Tuesday, 25 July 2023 14:02 WIB | Oil

Oil traded near the highest level in three months as China announced another raft of measures to support its economy, aiding the outlook for energy demand just as the global market has shown signs of tightening. West Texas Intermediate edged higher toward $79 a barrel after a three-day...

Oil Drops as Likely Fed Hike Weighed Against Tightening Market

Monday, 24 July 2023 18:22 WIB | Oil

Oil fell after four weekly gains as traders weighed prospects for another hike from the Federal Reserve against signs of a tighter market. West Texas Intermediate dropped below $77 a barrel after closing at a three-month high Friday. That upswing was driven by expectations that supply...

Oil Drops as Likely Fed Hike Weighed Against Tightening Market

Monday, 24 July 2023 14:02 WIB | Oil

Oil Ends Slightly Higher in Muted Session

Friday, 21 July 2023 08:34 WIB | Oil

US crude futures finish a slight 0.4% higher at $75.63 a barrel and are up 0.3% for the week. "A very slow news day for crude," says Oanda's Edward Moya in a note. "Yesterday's declining stockpile data and weak demand stats didn't help oil extend its recent rally. Today's US data painted a mixed...

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WTI

Oil Prices Firm On Upbeat Demand Growth Forecasts

Oil Hits New Highs As Tighter Supply Offsets China Demand Concern

Oil Rises As Tighter Supply Offsets China Demand Concern

Oil Prices Fall As Weak China Trade Data Offsets Supply Concerns

Oil Holds Steady Near Four-Month High On OPEC+ Cuts

Oil Prices Set For Sixth Weekly Gain On Pledged Output Cuts

Oil Steady As Supply Concerns Offset US Ratings Downgrade

Oil Prices Jump on Signs of Tightening Supply

WTI Crude Oil Falls From a Three-Month High as the Dollar Strengthens

Oil Steadies Near Three-Month High On Tighter Supplies

Oil Dips On Signs Of Profit-Taking After Rallying In July

Oil On Track For Biggest Monthly Gains In Over A Year

Oil Hits a 3-Month-High, Notches 5th Straight Weekly Gain

Oil Edges Lower After Four-Day Climb With Fed Decision in Focus

Oil Edges Lower After Four-Day Climb With Fed Decision in Focus

Oil Prices Rise On Tighter Supply, China Hopes

Oil Holds Near Three-Month High as China Moves to Bolster Growth

Oil Drops as Likely Fed Hike Weighed Against Tightening Market

Oil Drops as Likely Fed Hike Weighed Against Tightening Market

Oil Ends Slightly Higher in Muted Session

Fed's Powell: Restrictive Policy Needs Further Time to Work

Asia Markets Extend Declines amid Iran-Israel Tensions; China Economic Data on Deck

New US Home Construction Falls to Lowest Level Since August

China's Economic Momentum Shows Signs of Cooling