Thursday, 18 April 2024
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WTI

WTI Oil Closes Higher Even as the IEA Sees Oil Supply Rising Above Demand in 2024
Friday, 16 February 2024 09:34 WIB | Oil

West Texas Intermediate (WTI) crude oil closed higher Thursday, rising off early weakness after the International Energy Agency said new supply is likely to rise above demand this year, pushing inventories higher, as investors chose to add risk amid a falling dollar and bearish economic data. WTI...


WTI Crude Oil Falls for the First Time in Eight Days on a Big Rise in US Inventories
Thursday, 15 February 2024 09:46 WIB | Oil

West Texas Intermediate (WTI) crude oil closed lower for the first time in eight sessions on Wednesday as a report showing an outsized rise in US inventories offset geopolitical tensions. WTI crude for March delivery closed down US$1.23 to settle at US$76.64 per barrel, while April Brent crude,...


WTI Crude Oil Rises for a Fifth Day, Though Prices Remain Rangebound
Saturday, 10 February 2024 09:33 WIB | Oil

West Texas Intermediate (WTI) closed higher for a fifth-straight day on demand hopes and geopolitical worries, though prices failed to break out of the range it has traded within for months. WTI crude oil for March delivery closed up US$0.62 to settle at US$76.84 per barrel, while April Brent...


WTI Crude Oil Rises for a Fourth Day on Higher US Refined Product Demand and Mideast Tension
Friday, 9 February 2024 09:36 WIB | Oil

West Texas Intermediate (WTI) crude oil rose for a fourth-straight session on Thursday on signs of higher demand after the Energy Information Administration a day earlier said inventories of refined products fell despite a rise in crude oil stocks, while Mideast tensions continue. West Texas...


Oil Set For Weekly Loss Despite Gain On OPEC+ Output Decision
Saturday, 3 February 2024 01:22 WIB | Oil

Oil prices rose on Friday after the OPEC+ group's decision to keep its production policy unchanged, but benchmarks remained on track for weekly losses on China demand growth fears. Brent crude futures were up 50 cents, or 0.6%, at $79.20 a barrel by 1001 GMT and U.S. West Texas Intermediate crude...


Oil Gains After OPEC+ Maintains Output Cuts, Still Heads For Weekly Losses
Friday, 2 February 2024 21:59 WIB | Oil

Oil prices rose on Friday following a decision by OPEC+ to keep its oil output policy unchanged, although benchmarks were headed for weekly losses amid unsubstantiated reports of a ceasefire between Israel and Hamas. Brent crude futures climbed 44 cents, or 0.6%, to $79.14 a barrel by 0730 GMT,...


Oil Buoyed By US Signals On Interest Rate Cuts
Friday, 2 February 2024 03:34 WIB | Oil

Oil prices edged higher on Thursday, boosted by the U.S. Federal Reserve signalling a possible start to interest rate cuts. There was limited immediate price impact after two OPEC+ sources said that the Thursday meeting of the group of oil-producing countries - including Saudi Arabia, Russia and...


Oil Dips On Faltering Chinese Economy
Thursday, 1 February 2024 01:43 WIB | Oil

Oil prices fell on Wednesday, pressured by lacklustre economic activity in leading crude importer China, but a first monthly gain since September remained in sight as flaring tensions in the Middle East heightened supply concerns. Brent crude futures for March, which expire today, fell 87 cents,...


Oil Up On Middle East Tensions, China Economy Worries Limit Gains
Wednesday, 31 January 2024 01:26 WIB | Oil

Oil prices edged higher on Tuesday following a more than 1% drop in the previous session as escalating tensions in major producing region the Middle East fuelled supply concerns, though a bleak Chinese economic outlook limited gains. March Brent crude futures , which are due to expire on...


Oil Climbs As Middle East Tensions Fester
Tuesday, 30 January 2024 01:39 WIB | Oil

Oil prices rose on Monday after a drone attack on U.S. forces in Jordan added to supply disruption concerns in the Middle East and Houthi militants stepped up attacks in the Red Sea. Brent crude futures gained 21 cents to $83.76 a barrel by 1117 GMT while U.S. West Texas Intermediate crude...


Oil Set For Weekly Gain On U.S. Economic Growth, Mideast Supply Concerns
Friday, 26 January 2024 21:57 WIB | Oil

Oil prices eased on Friday but were set for their biggest weekly gain since October as positive U.S. economic growth and signs of Chinese stimulus boosted fuel demand sentiment. Brent crude futures were down 47 cents, or 0.57%, to $81.96 a barrel by 0715 GMT. U.S. West Texas Intermediate crude...


Oil Rises $1 On US Crude Stock Draw, China Stimulus Hopes
Friday, 26 January 2024 01:47 WIB | Oil

Oil prices rose on Thursday after data showed U.S. crude stockpiles fell more than expected last week, while the Chinese central bank's cut in banks' reserve ratio reinforced hopes of more stimulus measures and economic recovery. Brent crude futures were up 97 cents, or 1.2%, to $81.01 a barrel...


Oil Prices Wobble Amid Weak Demand, Sturdy Dollar
Wednesday, 24 January 2024 22:02 WIB | Oil

Oil seesawed between modest falls and gains on Wednesday as traders weighed the impact on prices stemming from escalating geopolitical tensions, concerns over tepid demand and a stronger dollar. The front-month March contract for Brent crude rose 4 cents to $79.59 a barrel at 0712 GMT. U.S. West...


Oil Steadies On Mixed Supply Cues, Cautious Outlook On China
Tuesday, 23 January 2024 22:00 WIB | Oil

Oil prices were little changed on Tuesday as traders weighed a host of conflicting supply and demand worries, from rising tensions in the Middle East to cold weather woes disrupting production in the United States. Brent crude futures added 2 cents to $80.08 a barrel by 0702 GMT, while U.S. West...


Oil Steady Near Highest Close This Year on Middle East Tensions
Friday, 19 January 2024 17:53 WIB | Oil

Oil was steady after closing at a three-week high on escalating tensions in the Middle East, with the US and the Iranian-backed Houthis trading tit-for-tat strikes that have roiled global shipping. Brent held near $79 a barrel after rising by 1.6% on Thursday, while West Texas...


Oil Steady Near Highest Close This Year on Middle East Tensions
Friday, 19 January 2024 14:17 WIB | Oil

Oil was steady after closing at a three-week high on escalating tensions in the Middle East, with the US and the Iranian-backed Houthis trading tit-for-tat strikes that have upended the global shipping market. West Texas Intermediate held near $74 a barrel after jumping more than 2% on...


Oil Gains Ground as US Undertakes Fresh Wave of Strikes in Yemen
Thursday, 18 January 2024 19:31 WIB | Oil

Oil edged higher as a fresh wave of strikes by the US against Houthi targets in Yemen sustained tensions in the Middle East and reinforced the prospect of prolonged disruptions to global shipping patterns. Global benchmark Brent topped $78 a barrel after ending lower on Wednesday,...


Oil Steadies With Middle East Crisis and Stockpiles to the Fore
Thursday, 18 January 2024 14:16 WIB | Oil

Oil steadied as traders weighed heightened tensions in the Middle East, including another vessel attack near Yemen, and mixed signals on US crude and product stockpiles.  West Texas Intermediate held below $73 a barrel, after ending modestly higher on Wednesday, while Brent was near...


Oil Prices Fall As Stronger Dollar Offsets Red Sea Disruptions Risks
Wednesday, 17 January 2024 16:47 WIB | Oil

Oil prices fell on Wednesday as a stronger U.S. dollar limited demand for greenback-denominated crude, though the rising risks of supply disruptions amid the intensifying conflict in the Red Sea curbed the losses. Global benchmark Brent crude futures fell 36 cents, or 0.5%, to $77.93 a barrel by...


Oil Drops as Dollar Revival Offsets Impact of Mideast Crisis
Wednesday, 17 January 2024 14:20 WIB | Oil

Oil declined as the drag from a stronger US dollar and broader risk-off tone offset concerns over escalating Middle East tensions, including continued attacks on ships in the Red Sea by Iran-backed Houthi rebels. West Texas Intermediate fell below $72 a barrel after ending Tuesday modestly...



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...

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...

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...

New US Home Construction Falls to Lowest Level Since August
Tuesday, 16 April 2024 19:46 WIB

New home construction in the US slowed last month as consumers try to wait out high mortgage rates in hopes borrowing costs will ease later this...

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