Friday, 29 March 2024
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BRENT

Oil Falls On Stronger U.S. Dollar, China Worries; Heading For Weekly Gain
Friday, 8 September 2023 22:10 WIB | Oil

Oil extended losses on Friday, further receding from this week's 10-month highs, as fears about the health of China's slowing economy and a stronger U.S. dollar wiped out the gains triggered by supply cuts from major producers Saudi Arabia and Russia. Brent crude futures dropped 41 cents, or...


Oil Edges Lower As Markets Shrug Off Supply Jitters
Wednesday, 6 September 2023 21:40 WIB | Oil

Oil prices reversed course on Wednesday after rising over 1% in the previous session, as investors shrugged off jitters arising from supply cuts from Saudi Arabia and Russia and a firm dollar capped the upside. Brent crude futures were down by 9 cents to $89.95 a barrel at 0657 GMT. U.S. West...


Oil Prices Slip On Global Demand Woes, China Gloom
Wednesday, 6 September 2023 02:23 WIB | Oil

Oil prices slipped on Tuesday as fresh services data added to gloom over the state of the global economy, particularly China's stuttering post-pandemic recovery, although expectations of an extension in supply cuts by leading OPEC+ producers limited losses. By 1218 GMT, Brent crude futures for...


Oil Prices Mixed As China Economic Woes Offset Expected Supply Cuts
Tuesday, 5 September 2023 21:45 WIB | Oil

Oil prices were mixed on Tuesday as data showing China's economy was still struggling with a post-pandemic recovery offset expectations of an extension in supply cuts by leading OPEC+ members Saudi Arabia and Russia. Brent crude futures for November fell 26 cents, or 0.29%, to $88.74 a barrel....


Oil Holds Advance as Traders Wait for Next OPEC+ Move on Supply
Tuesday, 5 September 2023 14:03 WIB | Oil

Oil traded near the highest level since mid-November after a surge driven by supply cuts from OPEC+ that have tightened the market. West Texas Intermediate held above $85 a barrel in early Asian trading, 0.3% higher than Friday’s close. There was no settlement for the US crude...


Oil Steady Amid OPEC+ Supply Cut Expectations
Monday, 4 September 2023 22:09 WIB | Oil

Oil prices were stable on Monday amid expectations that major producers would keep supplies tight, as hopes grew for the Federal Reserve to leave interest rates unchanged to avoid dampening the U.S. economy. Brent crude futures for November crept 16 cents higher to $88.71 a barrel by 0800 GMT....


Oil Heads for Robust Weekly Gain as Russia to Extend Export Cuts
Friday, 1 September 2023 17:13 WIB | Oil

Oil headed for the biggest weekly gain since early April after Russia signaled it would extend export curbs and US inventories fell further. West Texas Intermediate was steady above $83 a barrel, almost 5% higher this week. Moscow has agreed with OPEC+ partners on further cuts...


Oil Heads for Solid Weekly Gain as Russia to Extend Export Cuts
Friday, 1 September 2023 14:09 WIB | Oil

Oil headed for a weekly gain after Russia signaled that it would extend export curbs and US inventories dropped further. West Texas Intermediate was steady above $83 a barrel, almost 5% higher this week. Moscow has agreed with OPEC+ partners on further cuts to exports, with details...


Oil Holds Gain After US Crude Inventories Post Large Decline
Thursday, 31 August 2023 17:22 WIB | Oil

Oil held gains after a five-day advance driven by a slump in US inventories and speculation that OPEC+ leaders will prolong supply cuts. West Texas Intermediate traded above $81 a barrel, after advancing 3.5% in the longest run of daily gains since March. Stockpiles in the US...


Oil Holds Gain After US Crude Inventories Post Large Decline
Thursday, 31 August 2023 14:03 WIB | Oil

Oil held gains after a five-day advance driven by a slump in US inventories and speculation that OPEC+ leaders will prolong supply cuts. West Texas Intermediate traded above $81 a barrel, after advancing 3.5% in the longest run of daily gains since March. Stockpiles in the US...


Oil Prices Rise On Large US Stockpile Draw, Hurricane Jitters
Wednesday, 30 August 2023 17:08 WIB | Oil

Oil prices extended gains on Wednesday after industry data showed a large draw in crude inventories in the U.S., the world's biggest fuel consumer, and as concerns about a hurricane in the Gulf of Mexico kept investors on edge. Brent crude futures for October rose 17 cents, or 0.2%, to $85.66 a...


Oil Gains on Signs of Tighter Market as US Stockpiles Seen Lower
Wednesday, 30 August 2023 14:03 WIB | Oil

Oil advanced for a fifth day on signs of another substantial draw in US inventories and a buoyant mood across wider markets. West Texas Intermediate rose above $81 a barrel, on course for the longest winning streak since March. US stockpiles tumbled by 11.5 million barrels, according to...


Oil Trades Flat As Supply Concerns Offset Worries Over Demand
Tuesday, 29 August 2023 17:29 WIB | Oil

Oil prices traded flat on Tuesday as worries that further possible U.S. interest rate hikes could pull down demand were countered by concerns a tropical storm off the U.S. Gulf Coast may impact supply. Brent crude was flat at $84.42 a barrel by 0335 GMT, while U.S. West Texas Intermediate crude...


Oil Steadies Near $80 as Traders Seek Clues on Demand Outlook
Tuesday, 29 August 2023 13:56 WIB | Oil

Oil steadied as equity markets ticked higher and traders waited for the next set of clues on the outlook for crude demand in the US and China. West Texas Intermediate traded near $80 a barrel after gaining 1.5% over the past three sessions, the longest run of gains since late July. The...


Oil Steadies as China Stimulus Moves Vie With Demand Concerns
Monday, 28 August 2023 19:21 WIB | Oil

Oil held a gain as China announced measures to boost its stock and property markets, helping offset concerns about increased supply and monetary tightening in the US and Europe. West Texas Intermediate traded around $80 a barrel after closing 1% higher on Friday. The...


Oil Edges Higher as China Stimulus Moves Offset Demand Concern
Monday, 28 August 2023 14:05 WIB | Oil

Oil rose for a third day after China announced measures to boost its stock and property markets, helping offset concerns about increased supply and monetary tightening in the US and Europe. West Texas Intermediate traded above $80 a barrel after closing up 1% on...


WTI Crude Oil Rises Following Powell Speech to the Federal Reserve's Jackson Hole Conference
Saturday, 26 August 2023 08:32 WIB | Oil

West Texas Intermediate (WTI) crude oil rose on Friday even as Federal Reserve chair Jerome Powell said further interest-rate hikes could be coming if the US economy remains running hot WTI crude for October delivery closed up US$0.78 to settle at US$79.83 per barrel, while October Brent crude,...


Oil Hits Three-Week Low as Equity Woes Overshadow Tight Supplies
Thursday, 17 August 2023 08:52 WIB | Oil

Oil hit a three-week low as light summer trading left the commodity at the mercy of broader markets.  West Texas Intermediate Futures are down 4.6% this week, on pace to snap a seven-week streak of gains. Equities, rattled by China’s stock market woes, dragged oil lower,...


Oil Prices Firm On Upbeat Demand Growth Forecasts
Saturday, 12 August 2023 01:50 WIB | Oil

Oil prices gained ground on Friday amid optimistic demand forecasts from the OPEC producer group and the International Energy Agency (IEA). Brent crude was up 49 cents, or 0.6%, at $86.89 a barrel at 1118 GMT while U.S. West Texas Intermediate (WTI) crude futures were up 49 cents, or 0.6%, at...


Oil Holds Nine-Month High as Investors Wait for Inflation Data
Thursday, 10 August 2023 20:19 WIB | Oil

Oil held gains near the highest level in almost nine months ahead of key US inflation data, as traders weighed the potential for tightening supply should hostilities between Russia and Ukraine escalate. West Texas Intermediate futures traded near $84 a barrel after climbing 3% over the...



Market Review Tuesday, March 26, 2024
Wednesday, 27 March 2024 03:31 WIB

Nikkei Tokyo stocks ended flat on Tuesday as investors held out hope for gains in semiconductor-related shares while locking in profits after...

S&P 500 Rises Slightly, Tries to Recover from Back-to-Back Losses
Tuesday, 26 March 2024 20:38 WIB

U.S. stocks rose slightly Tuesday, as investors tried to resume the rally that took equities to record highs after a decline in the previous...

European stocks close slightly higher; Tui shares up 5%, Maersk falls 2.6%
Wednesday, 27 March 2024 00:11 WIB

European markets closed higher Tuesday as investors continue to ponder last week's central bank policy decisions in Europe and the U.S. The...

S&P 500 Closes Lower for a Third Straight Session as Market Rally Cools
Wednesday, 27 March 2024 03:26 WIB

The S&P 500 fell for a third consecutive session on Tuesday. The broader market index slid 0.28% to close at 5,203.58, while the Nasdaq...

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