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WTI

WTI Crude Futures Settle Higher
Saturday, 24 December 2022 09:42 WIB | Commodity

U.S. oil prices rose on Friday amid investors' concern over supply. The West Texas Intermediate (WTI) for February delivery increased 2.07 U.S. dollars to settle at 79.56 dollars a barrel on the New York Mercantile Exchange. Source : Bloomberg


WTI Crude Oil Rises as Report Shows a Larger Than Expected Drop in US Inventories
Thursday, 22 December 2022 09:41 WIB | Commodity

West Texas Intermediate (WTI) crude oil closed at the highest since Dec.2 on Wednesday following a report that showed a larger than expected drop in US inventories while Saudi Arabia's oil minister said OPEC+ will continue to manage the market to support prices. WTI crude for January delivery...


WTI Oil Gets an Indirect Boost from Bank of Japan
Wednesday, 21 December 2022 09:42 WIB | Commodity

The most-active US benchmark crude-oil contract for February delivery finishes 1.1% higher at $76.23 a barrel, helped by a weaker dollar that made overseas purchases of dollar-denominated crude more attractive to foreign buyers. "Crude prices got an unexpected boost from a surprising Bank of...


WTI Crude Oil Rises on Hope China Push to Support Consumption in 2023 Will Boost Demand
Tuesday, 20 December 2022 09:58 WIB | Commodity

West Texas Intermediate (WTI) crude oil closed higher on Monday on hopes for a recovery in demand from China as the country's government focuses on reviving growth next year despite rising Covid-19 infections following the removal of its zero-Covid quarantine policies. WTI crude for January...


U.S. Oil Futures Settle 3% Higher On Supply Worries
Tuesday, 13 December 2022 09:34 WIB | Commodity

U.S. oil futures finished higher on Monday, finding support as supply concerns resurfaced. “Recession or not, people still need to fill their gas tanks,” so trading sentiment has shifted from macro factors to supply concerns, said Manish Raj, chief financial officer at Velandera Energy...


Oil Set For 10% Weekly Drop As Demand Worries Dominate
Saturday, 10 December 2022 00:32 WIB | Commodity

Oil prices were stable on Friday but both benchmarks were headed for a weekly loss on worries over weak economic outlooks in China, Europe and the United States weighing on oil demand. Brent crude futures were at $76.16 a barrel, up 1 cent, at 0919 GMT. Brent hit a 2022 low this week. U.S. West...


Oil Set for Steep Weekly Loss as Slowdown Concerns Loom Large
Friday, 9 December 2022 21:54 WIB | Commodity

Oil headed for a weekly loss of around 10% after a volatile period of trading as concerns over the economic outlook overshadowed an easing of China’s strict virus curbs and a disruption to US crude flows. While West Texas Intermediate futures edged higher to trade near $72 a...


Oil Rebounds From 2022 Lows On China Demand Hopes, Tanker Delays
Friday, 9 December 2022 01:57 WIB | Commodity

Oil rebounded on Thursday after four sessions of decline, boosted by hopes that easing anti-COVID measures in China will revive demand and by signs that some tankers carrying Russian oil have been delayed after a G7 price cap came into effect. China on Wednesday announced the most sweeping...


Oil Rises After Four-Day Retreat as China Edges Toward Reopening
Thursday, 8 December 2022 21:45 WIB | Commodity

Oil rose after a four-day drop as investors weighed the impact of China’s moves to ease virus curbs against the risk of a slowdown in the US. West Texas Intermediate climbed toward $73 a barrel after plunging more than 11% over the previous four sessions as a raft of US banks sounded...


Oil Prices Rise After OPEC+ Keeps Output Cut Targets, China Eases COVID Curbs
Monday, 5 December 2022 21:50 WIB | Commodity

Oil prices edged up on Monday after OPEC+ nations held their output targets steady ahead of a European Union ban and a price cap kicking in on Russian crude. At the same time, in a positive sign for fuel demand, more Chinese cities eased COVID-19 curbs over the weekend, though the partial easing...


Oil Rises Ahead Of OPEC+ Meeting, Easing China Covid Curbs Lend Support
Friday, 2 December 2022 01:55 WIB | Commodity

Oil rose on Thursday supported by investor wariness that OPEC+ may cut supply further at its meeting on Sunday and as easing Covid curbs in China raised hopes about higher demand in the world’s top crude importer. Crude gained further support, and the U.S. dollar weakened, after the Federal...


Oil Dips On OPEC+ Uncertainty; Easing China COVID Curbs Limit Losses
Thursday, 1 December 2022 21:53 WIB | Commodity

Oil prices dipped in Asia trade on Thursday as uncertainty lingered ahead of Sunday's OPEC+ meeting, though easing COVID curbs at the world's top crude importer China capped price declines. Brent crude futures fell 43 cents, or 0.5%, to $86.54 per barrel by 0740 GMT, while U.S. West Texas...


Oil Prices Rise As Industry Data Show Big Drop In U.S. Crude Inventories
Thursday, 1 December 2022 02:41 WIB | Commodity

Oil futures rose Wednesday morning, finding support after industry data was said to show another large drop in U.S. crude inventories, while investors looked for signs of an easing of China’s COVID restrictions and awaited a meeting this weekend of OPEC+ ministers. West Texas Intermediate crude...


Oil Rises a Third Day with OPEC+ Decision, Stockpiles in Focus
Wednesday, 30 November 2022 21:57 WIB | Commodity

Oil rose for a third day after industry data pointed to a substantial draw in US crude stockpiles and investors counted down to an OPEC+ meeting that will be held virtually this weekend. West Texas Intermediate climbed toward $79 a barrel after adding 2.5% over the previous two...


Oil Climbs as China Boosts Vaccinations, Investors Look to OPEC+
Wednesday, 30 November 2022 00:21 WIB | Commodity

Oil rose as China refined its approach for dealing with Covid-19 after widespread protests against strict curbs, and investors looked ahead to an OPEC+ meeting that may see a supply cut to counter market weakness. West Texas Intermediate gained above $79 a barrel, reversing an earlier...


Oil Prices Erase 2022 Gains As China Protests Spark Demand Worries
Tuesday, 29 November 2022 00:40 WIB | Commodity

Oil prices fell to near their lowest levels this year on Monday as street protests against strict COVID-19 curbs in China, the world's biggest crude importer, stoked concern about the outlook for fuel demand. Brent crude dropped $2.66, or 3.1%, to trade at $80.97 a barrel at 1000 GMT, after...


Oil Plunges to Lowest Since 2021 as China Unrest Rattles Market
Monday, 28 November 2022 21:46 WIB | Commodity

Oil tumbled to the lowest level since December as a wave of unrest in China punished risk assets and clouded the outlook for energy demand, adding to stresses in an already-fragile global crude market. West Texas Intermediate sank toward $74 a barrel following three weeks of...


Oil Set for Third Weekly Loss on Price-Cap Impasse, Demand Fears
Friday, 25 November 2022 20:09 WIB | Commodity

Oil headed for a third weekly loss as the European Union weighed a higher-than-expected price cap on Russian crude and slowdown concerns threatened the demand outlook. Brent traded below $86 a barrel, putting the global benchmark on course for a drop of more than 2% this week. European...


Oil Set for Third Weekly Loss on Price-Cap Impasse, Demand Fears
Friday, 25 November 2022 14:15 WIB | Commodity

Oil headed for a third weekly loss as the European Union weighs a higher-than-expected price cap on flows of Russian crude and slowdown concerns threaten the outlook for energy demand. West Texas Intermediate futures traded below $78 a barrel, putting them on course for a drop of almost...


Oil Sinks as EU Price-Cap Talks Drag and Demand Challenges Mount
Thursday, 24 November 2022 19:56 WIB | Commodity

Oil fell again as the European Union considered a higher-than-expected price cap on Russian crude and signs of challenges to demand increased, with record Covid cases in China and risks of a recession in the US. West Texas Intermediate dropped below $78 a barrel after losing almost 4%...



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...

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...

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...

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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