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...
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...
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...
Tuesday, 1 November 2022 02:57 WIB | Commodity
Oil prices fell Monday as weak Chinese factory activity data raised fears about economic growth, and thus crude demand, at the world’s largest oil importer.
By 09:00 ET (13:00 GMT), U.S. crude futures traded 1.8% lower at $86.35 a barrel, while the Brent contract fell 1.3% to $92.51.
China’s...
Monday, 31 October 2022 22:39 WIB | Commodity
Oil prices fell over $1 on Monday following weaker-than-expected factory activity data out of China and on concerns its widening COVID-19 curbs will curtail demand.
Brent crude futures dropped $1.10, or 1.2%, to $94.67 a barrel by 0710 GMT, after slipping 1.2% on Friday.
U.S. West Texas...
Wednesday, 26 October 2022 23:26 WIB | Commodity
Oil prices were broadly stable on Wednesday, moving in and out of negative territory after industry data showed U.S. crude stockpiles rose more than expected, though supply concerns and a weaker dollar gave support.
Brent crude futures for December were down 4 cents, or 0.04%, to $93.48 a barrel...
Tuesday, 18 October 2022 19:18 WIB | Commodity
Oil prices climbed on Tuesday, bolstered by a weaker U.S. dollar and supply woes, although gains were capped by the spectre of lower fuel demand from China as it persists with its stringent zero-COVID policy.
Brent crude futures rose 74 cents, or 0.8%, to $92.36 per barrel by 0505 GMT, while U.S....