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WTI

Oil Extends Gains On Higher Gasoline Demand, Tighter Supply
Tuesday, 23 May 2023 21:56 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 35 cents, or 0.46%, to $76.34 a barrel by...

Oil Steady After Snapping Streak Of Four-Straight Losing Weeks
Tuesday, 23 May 2023 02:12 WIB | Energy

Oil futures were slightly higher early Monday, flipping between small gains and losses as traders monitored talks to lift the U.S. government’s debt ceiling and avert a default. West Texas Intermediate crude for June delivery rose 10 cents or 0.1%, to $71.65 a barrel on the New York Mercantile...

Oil Set for Best Week Since Mid-April on US Debt-Deal Optimism
Friday, 19 May 2023 19:07 WIB | Energy

Oil headed for its first weekly advance in more than a month on optimism that the US will avert a catastrophic debt default. West Texas Intermediate futures climbed above $72 a barrel and are 3.2% higher for the week. House Speaker Kevin McCarthy said negotiators may reach...

Oil Set for Best Week Since Mid-April on US Debt-Deal Optimism
Friday, 19 May 2023 14:05 WIB | Energy

Oil headed for its first weekly advance in more than a month on optimism that the US will avert a catastrophic debt default. West Texas Intermediate futures traded near $72 a barrel and are around 3% higher for the week. House Speaker Kevin McCarthy said negotiators may reach...

Oil Steadies as US Debt Optimism Offsets Rising Crude Stockpiles
Thursday, 18 May 2023 18:04 WIB | Energy

Oil steadied in Asia after jumping almost 3% on Wednesday as optimism the US would resolve its debt-ceiling impasse triggered broad gains in financial markets, offsetting a largely bearish US stockpile report. West Texas Intermediate futures traded below $73 a barrel after the biggest daily...

Oil Steadies as US Debt Optimism Offsets Rising Crude Stockpiles
Thursday, 18 May 2023 14:54 WIB | Energy

Oil steadied in Asia after jumping almost 3% on Wednesday as optimism the US would resolve its debt-ceiling impasse triggered broad gains in financial markets, offsetting a largely bearish US stockpile report. West Texas Intermediate futures traded near $73 a barrel after the biggest daily...

Oil Drops as China Concern and Inventory Estimate Hurt Outlook
Wednesday, 17 May 2023 19:49 WIB | Energy

Oil fell for a second day as traders weighed the outlook for demand in China and a US industry report pointed to a build in stockpiles, with crude joining a broad move lower among commodities including copper. West Texas Intermediate dropped toward $70 a barrel after losing 0.4% on Tuesday....

Oil Edges Lower as Concerns Over China’s Recovery Cloud Outlook
Wednesday, 17 May 2023 14:07 WIB | Energy

Oil edged lower as China’s lackluster recovery overshadowed a bullish outlook from the International Energy Agency and positive US data. West Texas Intermediate futures traded below $71 a barrel after closing 0.4% lower on Tuesday. Some investment banks cut forecasts for...

Oil Edges Higher With US Seeking Crude for Strategic Reserves
Tuesday, 16 May 2023 19:27 WIB | Energy

Oil rose as the US started seeking crude to refill its strategic reserves, but concerns are mounting over China’s economic recovery. West Texas Intermediate edged toward $72 a barrel after closing 1.5% higher on Monday. The US solicited bids for as much as 3 million barrels of...

Oil Edges Higher With US Seeking Crude for Strategic Reserves
Tuesday, 16 May 2023 14:00 WIB | Energy

Oil edged higher ahead of key economic data from China as the US started soliciting bids for crude to fill its depleted strategic reserves. West Texas Intermediate rose toward $72 a barrel after closing 1.5% higher on Monday. China is scheduled to release figures on industrial...

Oil Drops for a Fourth Day as Concerns Over Demand Persist
Monday, 15 May 2023 15:42 WIB | Energy

Oil fell for a fourth day as concerns over the US economy and China’s slower-than-expected recovery weighed on the outlook. West Texas Intermediate futures dropped below $70 a barrel after capping a fourth weekly loss, the longest such run since September. Talks are continuing...

Oil On Track For 6% Weekly Tumble On Demand Worries
Saturday, 22 April 2023 02:16 WIB | Commodity

Oil futures steadied Friday, but were on track for big weekly losses as worries about the economic outlook stoked demand worries. West Texas Intermediate crude for June delivery edged down 4 cents, or less than 0.1%, to $77.33 a barrelon the New York Mercantile Exchange, leaving the U.S....

Oil Prices At Three-Week Low As Firmer Dollar, Rate Hikes Weigh
Friday, 21 April 2023 02:02 WIB | Commodity

Oil prices fell to their lowest in about three weeks on Thursday, depressed by a firmer dollar and rate hike expectations which outweighed lower U.S. crude stocks. Brent crude futures were down $1.13, or 1.4%, to trade at $81.99 a barrel at 1141 GMT. West Texas Intermediate crude (WTI) futures...

Oil Prices At Three-Week Low As Strong Dollar, Rate Hikes Weigh
Thursday, 20 April 2023 22:31 WIB | Commodity

Oil prices fell to their lowest in about three weeks on Thursday, depressed by a firmer dollar and rate hike expectations which outweighed lower U.S. crude stocks. Brent crude futures were down $1.12, or 1.4%, to trade at $82.00 a barrel at 0819 GMT. West Texas Intermediate crude (WTI) futures...

Oil Dips As Potential Fed Rate Hike Overshadows Falling Stocks
Wednesday, 19 April 2023 22:09 WIB | Commodity

Oil dropped on Wednesday as the market weighed potential interest rate hikes from the U.S. Federal Reserve that could slow growth and dampen oil consumption, offsetting falling U.S. inventories and strong Chinese economic data. Brent crude futures shed 35 cents, or 0.4%, to $84.42 a barrel as at...

Oil futures finish lower as traders eye prospects for energy demand
Tuesday, 18 April 2023 08:40 WIB | Energy

Oil futures finished with a loss on Monday, with traders weighing the prospects for energy demand. A "shockingly strong" Empire State Manufacturing Index reading Monday helped to live the odds of an interest-rate hike by the Federal Reserve in May, said Tyler Richey, co-editor at Sevens Report...

Oil Steady As Market Awaits China GDP Data
Monday, 17 April 2023 22:21 WIB | Commodity

Oil prices were steady on Monday as investors eyed Chinese economic data for signs of demand recovery in the world's second-largest oil consumer. Brent crude futures nudged 7 cents lower to $86.24 a barrel by 0746 GMT, while U.S. West Texas Intermediate crude was at $82.47 a barrel, down 6...

Oil Heads for Fourth Weekly Advance as Global Market Tightens Up
Friday, 14 April 2023 18:11 WIB | Commodity

Oil headed for a fourth straight week of gains, supported by signs of a tightening global market and weaker dollar. West Texas Intermediate rose toward $83 a barrel, taking its weekly advance to about 2% and the longest winning run since June. The rally had been driven by improving...

Oil Powers to Fourth Weekly Advance as Global Market Tightens Up
Friday, 14 April 2023 14:20 WIB | Commodity

Oil headed for a fourth straight week of gains, supported by signs of a tightening global market and a weaker dollar. West Texas Intermediate remainder above $82 a barrel, taking its weekly advance to about 2% and the longest winning run since June. The rally had been driven by...

Oil Eases As Investors Remain Cautious On Recession Fears
Thursday, 13 April 2023 17:03 WIB | Commodity

Oil prices eased in early trading on Thursday after rising for the previous two sessions as investors remained cautious due to lingering concerns over a U.S. recession and weaker oil demand. Brent crude fell 19 cents, or 0.2%, at $87.14 a barrel by 0116 GMT, while U.S. West Texas Intermediate...


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 And Nasdaq Close Lower For A Fourth Straight Day As Nvidia Shares Slide
Thursday, 18 April 2024 03:14 WIB

The S&P 500 dropped for a fourth consecutive session on Wednesday, as Nvidia and other struggling technology names put downward pressure on the...

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US Equity Indexes Decline Amid Quarterly Earning Reports
Wednesday, 17 April 2024 23:20 WIB

US equity indexes slipped as the earnings onslaught continued and government bond yields fell with crude oil after midday on Wednesday. The S&P...

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S&P 500 rises on Wednesday as it tries to snap a 3-day losing streak
Wednesday, 17 April 2024 20:44 WIB

U.S. stocks rose Wednesday after the S&P 500 notched its third straight day of losses, as the corporate earnings season ramped up. The broad...

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