Saturday, 20 April 2024
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WTI

Oil Drifts Lower on Concern Chinese Stimulus Will Fall Short
Tuesday, 20 June 2023 17:07 WIB | Oil

Oil edged lower on concern that stimulus to revive China’s flagging economic recovery may fall short of expectations. West Texas Intermediate for August fell from Friday and was trading near $71 a barrel. There was no settlement on Monday in the US due to a holiday. Global benchmark...

Oil Drifts Lower on Concern Chinese Stimulus Will Fall Short
Tuesday, 20 June 2023 13:55 WIB | Oil

Oil edged lower on concern that stimulus to revive China’s flagging economic recovery may fall short of expectations. West Texas Intermediate for August fell from Friday and was trading near $71 a barrel. There was no settlement on Monday in the US due to a holiday. Global benchmark...

Oil Edges Lower as Investors Wait for Detail of China Stimulus
Monday, 19 June 2023 16:48 WIB | Oil

Oil declined as investors waited for more details on how China aims to support its economy over the second half of the year, tracking other commodities lower as the week’s trading kicked off. West Texas Intermediate fell below $71 a barrel after climbing by more than 2% last week as...

Oil Edges Lower After Last Week’s Gain With Focus on Second Half
Monday, 19 June 2023 13:55 WIB | Oil

Oil edged lower following its first weekly gain this month, as investors start to focus on the outlook for the second half of the year. West Texas Intermediate fell toward $71 a barrel after climbing by more than 2% last week as China cut interest rates and hinted that further stimulus...

U.S. Oil Futures Climb Back Above $70, The Highest Finish In A Week
Friday, 16 June 2023 08:40 WIB | Oil

Oil futures climbed on Thursday, buoyed by some signs of higher oil demand from China and strength in U.S. gasoline demand for the summer driving season, analysts said. July West Texas Intermediate crude gained $2.35, or 3.4%, to settle at $70.62 a barrel on the New York Mercantile...

U.S. Oil Futures Post Lowest Settlement Since Mid-March
Tuesday, 13 June 2023 08:37 WIB | Oil

Oil futures declined on Monday, with U.S. benchmark crude posting its lowest settlement since mid-March. “Disappointing economic numbers out of China continue to be a concern given the country’s outsized influence in expected crude demand growth this year,” said Robbie Fraser, manager,...

Oil Prices Rise After U.S. Debt Deal, All Eyes On OPEC Meeting
Saturday, 3 June 2023 02:21 WIB | Oil

Oil prices rose on Friday after a U.S. debt ceiling deal averted a default in the world's biggest oil consumer, while attention turned to a meeting of OPEC ministers and their allies at the weekend. Brent crude futures were up $1.21, or 1.6% to $75.49 a barrel by 1134 GMT, while U.S. West Texas...

Oil Prices Rise As Congress Approves US Debt Ceiling Bill
Friday, 2 June 2023 21:51 WIB | Oil

Oil prices rose on Friday amid bullish sentiment following the passage of a U.S. debt ceiling bill in Washington, while markets weighed the likelihood of price-supportive OPEC+ production cuts over the weekend. Brent crude futures rose 71 cents, or 0.96% to $74.99 a barrel by 0600 GMT, while U.S....

Oil Rises On Potential U.S. Rate Hike Pause, Debt Bill Passing
Thursday, 1 June 2023 20:02 WIB | Oil

Oil prices rose on Thursday, reversing earlier losses, as a potential pause in U.S. interest rate hikes and the debt ceiling bill passing a crucial vote renewed optimism about further fuel demand growth in the world's biggest oil consumer. Brent crude futures for August rose 32 cents, or 0.44% to...

Oil Falls Further As Weak China Data Offsets US Debt Ceiling Progress
Wednesday, 31 May 2023 22:25 WIB | Energy

Oil prices extended losses early on Wednesday as worries of slowing demand from top oil importer China after the release of weaker-than-expected economic data outweighed some positive progress on the U.S. debt ceiling bill. Brent crude futures for August delivery slipped 15 cents to $73.56 a...

Oil Falls On U.S. Debt Deal Struggles, OPEC+ Talks Uncertainty
Wednesday, 31 May 2023 01:32 WIB | Energy

Oil fell Tuesday as concerns about the U.S. debt ceiling pact cooled the market’s risk-on sentiment and mixed messages from major producers clouded the supply outlook ahead of their meeting this weekend. Brent crude futures fell $1.19, or 1.5%, to $75.88 a barrel. U.S. West Texas Intermediate...

Oil Falls 2% On US Debt Deal Struggles, OPEC+ Talks Uncertainty
Tuesday, 30 May 2023 23:03 WIB | Energy

Oil fell by nearly 2% on Tuesday as concerns about the U.S. debt ceiling pact cooled the market's risk-on sentiment and mixed messages from major producers clouded the supply outlook ahead of their meeting this weekend. Brent crude futures fell $1.36, or 1.8%, to $75.71 a barrel by 0859 GMT. U.S....

Oil Slips As Economic Jitters Offset U.S. Debt Deal
Tuesday, 30 May 2023 03:30 WIB | Energy

Oil prices slipped on Monday as economic worries over further interest rate hikes trumped a tentative debt ceiling deal reached in the U.S., possibly averting a default in the world's largest economy and oil consumer. Brent crude futures slipped 68 cents, or 0.8%, to $76.27 a barrel by 1350 GMT,...

Oil Gains After US Leaders Strike Debt Deal
Monday, 29 May 2023 22:17 WIB | Energy

Oil prices rose 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, although concerns about further interest rate hikes capped gains. Brent crude futures climbed 45 cents, or 0.6%, to $77.40 a barrel by...

Oil Extends Gain After US Officials Agree on Tentative Debt Deal
Monday, 29 May 2023 14:54 WIB | Energy

Oil advanced after President Joe Biden and House Speaker Kevin McCarthy reached a tentative deal over the weekend on the US debt ceiling, likely averting a catastrophic default. West Texas Intermediate futures rose above $73 a barrel after closing 1.2% higher on Friday. Biden and McCarthy...

Oil Broadly Steady Amid OPEC+ Supply Cut Uncertainty, Demand Worries
Friday, 26 May 2023 21:50 WIB | Energy

Oil prices were broadly stable on Friday, as the market weighed in on conflicting messages on supply from Russia and Saudi Arabia ahead of the next OPEC+ policy meeting, a stronger U.S. dollar and worries of weaker-than-expected demand growth. Brent crude was up 6 cents to $76.32 a barrel at 0627...

Oil Eases As Russia Downplays Additional OPEC+ Cuts
Thursday, 25 May 2023 22:46 WIB | Energy

Oil prices fell on Thursday after Russian Deputy Prime Minister Alexander Novak played down the prospect of further OPEC+ production cuts at its meeting next week. Brent crude futures was down 41 cents, or 0.5%, to $77.95 a barrel at 0815 GMT. U.S. West Texas Intermediate crude (WTI) fell 51...

Oil Prices Up After Bullish Saudi Comments, Falling U.S. Stockpiles
Thursday, 25 May 2023 00:56 WIB | Energy

Oil prices rose on Wednesday after data showed U.S. inventories and fuel supplies tightening and following a warning from the Saudi energy minister to speculators raised the prospect of further OPEC+ output cuts. Brent crude futures rose $1.09, or 1.42%, to $77.93 a barrel by 1048 GMT, while U.S....

Oil Prices Rise As Much As $1 On Concerns Over Tightening Supply
Wednesday, 24 May 2023 22:11 WIB | Energy

Oil prices pared their gains on Wednesday but were still solidly bid, 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 74 cents, or 1%, to $77.58 a...

Oil Slips As US Debt Ceiling Concerns Offset Tight Supply
Wednesday, 24 May 2023 01:09 WIB | Energy

Oil slipped on Tuesday as investor concern over the risk of a U.S. debt default was balanced by support from a tighter market due to a seasonal rise in gasoline demand and supply cuts from OPEC+ producers. President Joe Biden and House Speaker Kevin McCarthy ended talks on Monday with no...


Market Review Wednesday, April 17, 2024
Thursday, 18 April 2024 03:20 WIB

Nikkei Japanese stocks fell, marking their biggest three-day drop since October, as investors continued to be on watch for any risk of currency...

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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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Market Review Tuesday, April 16, 2024
Wednesday, 17 April 2024 03:14 WIB

Nikkei Tokyo stocks closed lower Tuesday, weighed down by Wall Street falls and fears over tensions in the Middle East. The benchmark Nikkei 225...

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UK Inflation Stronger Than Expected on Higher Fuel Prices
Wednesday, 17 April 2024 13:18 WIB

UK inflation slowed less than expected last month, underscoring the reluctance of some Bank of England officials to begin cutting interest...

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