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...
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...
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...
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...
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...