Tuesday, 16 April 2024
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Oil Weakens as EU Wrangles Over Price Cap, Recession Risks Mount
Thursday, 24 November 2022 14:03 WIB | Commodity

Oil fell as the European Union considered a higher-than-expected price cap on Russian crude and signs of a global slowdown increased. West Texas Intermediate dropped toward $77 a barrel after losing almost 4% in the previous session. EU officials discussed setting...

Oil Rises As U.S. Inventories Shrink; China COVID Fears Limit Gains
Wednesday, 23 November 2022 16:56 WIB | Commodity

Oil prices rose further on Wednesday after data indicated that U.S. crude inventories shrank substantially in the past week, although the introduction of new anti-COVID curbs in major Chinese cities put a lid on gains. Data from the American Petroleum Institute showed that U.S. crude stockpiles...

Oil Ticks Higher as Market Looks to Cap Plan, Lower Stockpiles
Wednesday, 23 November 2022 14:01 WIB | Commodity

Oil rose as traders awaited further details of a plan to cap Russian crude prices and industry data showed a drop in US stockpiles. West Texas Intermediate climbed above $81 a barrel, after gaining about 1% the previous session. European Union ambassadors may meet later Wednesday to...

Oil Prices Edge Up As Softer Dollar Outweighs China Demand Concerns
Tuesday, 22 November 2022 19:10 WIB | Commodity

Oil prices inched higher on Tuesday as the dollar eased, but global recession worries and concerns about China's rising COVID-19 case numbers denting demand from the world's top crude oil importer weighed on sentiment. Brent crude futures rose 44 cents, or 0.5%, to $87.89 by 0513 GMT. U.S. West...

Oil Steadies After Wild Ride With Chinese Demand, OPEC+ in Focus
Tuesday, 22 November 2022 13:56 WIB | Commodity

Oil steadied after a volatile session on Monday as investors juggled a clouded supply outlook together with concerns over weaker demand in virus-hit China. West Texas Intermediate held near $80 a barrel in early Asian trading after swinging in a $5 arc in the week’s opening session....

Oil Sinks as China’s Struggle With Covid Blights Demand Outlook
Monday, 21 November 2022 16:28 WIB | Energy

Oil sank again following the biggest weekly decline since August as China tightened anti-Covid curbs, hurting the outlook for demand. Global benchmark Brent fell below $87 a barrel after retreating by almost 9% last week. The country saw its first Covid-related death in almost six months on...

Oil Holds Steep Weekly Drop on China Outlook, Slowdown Concerns
Monday, 21 November 2022 14:41 WIB | Energy

Oil steadied in Asia after its biggest weekly decline since August as concerns about Chinese demand and further monetary tightening weighed on the demand outlook. Global benchmark Brent traded below $88 a barrel after sinking almost 9% last week. At the weekend, China reported its first...

Oil Hits 6-Week Low On China Demand Worries
Saturday, 19 November 2022 09:39 WIB | Commodity

Crude prices entered into “contango” mode — a market structure that defines weakness — the first time since 2021 and finished with a weekly loss of as much as 10% as China’s Covid headlines, new hawkish signals from the Federal Reserve, and easing supply worries all came to a head for...

U.S. Oil Prices Drop By Nearly 5% To End At Their Lowest Since Late September
Friday, 18 November 2022 09:25 WIB | Commodity

Oil futures fell for a second straight session on Thursday, with U.S. prices down by nearly 5% to settle at their lowest since the end of September, FactSet data show. “Stagflationary economic data, rising COVID cases in China, and hawkish [Federal Reserve] chatter have all been added headwinds...

U.S. Oil Prices Post Their Lowest Finish In About 3 Weeks
Thursday, 17 November 2022 09:25 WIB | Commodity

Oil futures declined on Wednesday, with U.S. prices settling at their lowest in roughly three weeks. “Prices remain in negative territory, with various geopolitical influences — from an oil tanker being hit by a bomb-carrying drone off the coast of Oman, to Russia tensions — being largely...

Oil Rebounds As Dollar Sinks To 3-Month Low
Wednesday, 16 November 2022 09:49 WIB | Commodity

Crude prices rose Tuesday from the previous session’s battering as the dollar hit a three-month low, spurring demand from holders of the euro and other currencies for commodities priced in the greenback. Earlier, tensions over China’s Covid-19 outbreak drove New York-traded West Texas...

Oil Futures Settle Lower, With U.S. Prices Down More Than 3%
Tuesday, 15 November 2022 09:33 WIB | Commodity

Oil futures declined on Monday, with U.S. prices losing more than 3% to erase Friday’s gain. Losses followed a modest reduction in the Organization of the Petroleum Exporting Countries’ 2022 global demand forecast, as uncertainty continues to surround China’s COVID-19 policy and its outlook...

Oil Prices End Higher For The Session, Down For The Week
Saturday, 12 November 2022 10:10 WIB | Commodity

Oil futures finished higher on Friday, lifted by weakness in the U.S. dollar and moves by China to ease some COVID-19 restrictions, but prices still ended lower for the week on uncertainty surrounding Chinese energy demand. Still, weakening of the U.S. dollar and easing of inflation reported this...

Oil Prices End Lower On Rise In U.S. Crude Supplies, Worries Over Chinese Demand
Thursday, 10 November 2022 10:10 WIB | Commodity

Oil futures ended lower on Wednesday, logging a third straight session decline, with prices pressured by a weekly climb in U.S. crude supplies and ongoing concerns over the impact of China’s zero COVID policy on that country’s demand for oil. U.S. benchmark West Texas Intermediate crude for...

Oil Prices Log Back-To-Back Losses As Investors Assess China Demand Outlook
Wednesday, 9 November 2022 10:25 WIB | Commodity

Oil futures finished lower on Tuesday for a second straight session in a row, as investors remained uncertain about the outlook for crude demand from China. West Texas Intermediate crude for December delivery fell $2.88, or 3.1%, to settle at $88.91 a barrel on the New York Mercantile Exchange...

Oil Futures End Lower As Traders Ponder China’s Next Move On COVID-Related Restrictions
Tuesday, 8 November 2022 09:49 WIB | Commodity

Oil futures settled lower on Monday, as traders weighed uncertainty over China’s next move on COVID-related restrictions that are likely to have an impact on energy demand. “The oil market still is a little bit nervous about the demand prospects and we want to get more clarity on China’s...

Oil Climbs 3% As Dollar Slips And EU Ban Looms
Saturday, 5 November 2022 02:29 WIB | Commodity

Oil rose by more than 3% on Friday as the dollar eased, with an EU ban on Russian oil looming large and investors weighing the prospects for an easing of China's COVID curbs. Though fears of global recession capped gains, Brent crude futures were up $3.29, or 3.48%, at $97.96 a barrel by 1203...

Oil Falls As Fed Rate Hike Raises Fuel Demand Concerns
Friday, 4 November 2022 01:38 WIB | Commodity

Oil slipped on Thursday as an increase to U.S. interest rates pushed up the dollar and heightened fears of a global recession that would crimp fuel demand, though losses were capped by concern over tight supply. Brent crude dropped by $1.19, or 1.2%, to $94.97 a barrel by 1135 GMT while U.S. West...

Oil Falls as Fed Rate Hike Raises Fuel Demand Concerns
Thursday, 3 November 2022 21:40 WIB | Energy

Oil slipped on Thursday as a U.S. interest rate hike pushed up the dollar and increased fears of a global recession that would crimp fuel demand, although losses were capped by concerns over tight supply. Brent crude dropped 85 cnets, or 0.9%, to $95.30 a barrel at 0750 GMT, while U.S. West Texas...

Oil Up More Than 1% As Weaker Dollar Offsets China COVID-19 Concerns
Tuesday, 1 November 2022 23:11 WIB | Commodity

Oil prices rose more than 1% on Tuesday, paring losses from the previous session, as a weaker U.S. dollar offset widening COVID-19 curbs in China that have stoked fears of slowing fuel demand in the world's second-largest oil consumer. Brent crude for January delivery rose $1.53, or 1.7%, to...


Wall Street and Main Street Still See Gains For Gold This Week Amid Extreme Volatility
Monday, 15 April 2024 13:10 WIB

Gold prices chugged along for much last week, trading between $2,300 and $2,360 through Wednesday, shaking off hotter-than-expected CPI and lulling...

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US Retail Sales Exceed Forecast and Prior Month Revised Higher
Monday, 15 April 2024 19:43 WIB

US retail sales rose by more than forecast in March and the prior month was revised higher, showcasing resilient consumer demand that's likely to...

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Asia-Pacific Markets Fall Amid Israel-Iran Tensions with Spotlight on Oil, Gold and Bitcoin
Monday, 15 April 2024 07:49 WIB

Asia-Pacific markets slipped Monday as traders weighed the impact of Iran's drone attack on Israel over the weekend, with focus also on key economic...

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Dow Futures Rebound from Worst Week of 2024 Even as Traders Brace for Israel Response to Iran Attack
Monday, 15 April 2024 18:22 WIB

U.S. stock futures ticked higher Monday even as investors dealt with a multitude of issues, including Iran's missile and drone strike on Israel and...

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