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OIL,

Market Review Monday, August 14, 2023
Tuesday, 15 August 2023 09:57 WIB | Market update

Nikkei Tokyo's blue chip shares ended lower on Monday, with investors spooked by falls of US tech stocks, though a weaker yen provided support for Japanese exporters. The benchmark Nikkei 225 index slipped 1.27 percent, or 413.74 points, to end at 32,059.91, while the broader Topix index dropped...


Oil Rally Sputters on Thin Summer Trading, China Economic Fears
Tuesday, 15 August 2023 08:52 WIB | Oil

Oil’s rally sputtered amid a slump in summertime liquidity, leaving the commodity at the mercy of volatile, broader markets.  While signs of tightening physical supplies had in recent weeks pushed crude futures to the longest streak of gains in a year, West Texas Intermediate on...


Oil Dips as Concerns About China Spur Volatility Across Markets
Monday, 14 August 2023 23:04 WIB | Oil

Oil edged lower in a volatile session where sentiment was being driven by renewed worries surrounding China’s property sector.  West Texas Intermediate fell as much as 1.5%, before paring those declines. Global markets earlier struck a risk-off tone on concerns around...


Market Review Friday, August 11, 2023
Saturday, 12 August 2023 09:59 WIB | Market update

Nikkei Holiday Hang Seng Hong Kong stocks closed with another big loss Friday as a below-forecast US inflation report was unable to soothe worries about the Federal Reserve's interest rate plans, while traders were also rattled by China's economic woes. The Hang Seng Index lost 0.90 percent,...


Oil Posts Seventh Weekly Gain Amid Reports of Tighter Market
Saturday, 12 August 2023 08:50 WIB | Oil

Oil posted its longest streak of gains since mid-2022 as multiple reports forecasting increased demand gave a fresh boost to a rally built on increased supply-disruption risks and extended Saudi production cuts.  Among the bullish projections was a monthly IEA report on Friday...


Oil Holds Near $83 as IEA Sees Consumption at a Record
Friday, 11 August 2023 22:34 WIB | Oil

Oil was on track to end the week little changed, after touching the highest since November in recent days, as the International Energy Agency’s monthly snapshot pointed to a robust market. West Texas Intermediate futures traded near $83 a barrel, virtually flat on the week. Global oil...


Oil Rally Pauses Near Highs for the Year Amid Technical Barriers
Friday, 11 August 2023 09:08 WIB | Oil

Oil’s seven-week rally, driven by increasing signs of a tightening market, paused near the highest levels of the year as technical barriers stalled further advances.  Crude has climbed about 20% since late June as OPEC and its allies cut production, and the cartel’s newest...


Oil Steadies Ahead of U.S. Inflation Data
Friday, 11 August 2023 01:04 WIB | Energy

Oil prices stabilized on Thursday as investor caution dominated ahead of inflation data expected to offer clues on U.S. interest rates. Brent crude dipped 12 cents to $87.43 a barrel by while West Texas Intermediate crude (WTI) edged down by 21 cents to $84.19. Both benchmarks have been on a...


Oil Steadies Ahead of US Inflation Data
Thursday, 10 August 2023 22:20 WIB | Oil

Oil prices steadied on Thursday as investor caution ahead of U.S. inflation data softened a protracted price rally on supply tightness. Brent crude edged up 14 cents to $87.69 a barrel by 0757 GMT while West Texas Intermediate crude (WTI) crept up by 1 cent to $84.5. Oil prices have been boosted...


Market Review Wednesday, August 9, 2023
Thursday, 10 August 2023 09:53 WIB | Market update

Nikkei Tokyo stocks closed lower Wednesday on concerns over the banking sector and weak China trade data, while investors were awaiting US inflation figures. The benchmark Nikkei 225 index slipped 0.53 percent, or 172.96 points, to 32,204.33, while the broader Topix index trimmed 0.40 percent,...


Oil Hits High for the Year as Supply Risks Grow in Tight Market
Thursday, 10 August 2023 09:00 WIB | Oil

Oil climbed to the highest in almost nine months on concern that a possible escalation of the conflict between Russia and Ukraine may choke off more supplies in an already tightening market. West Texas Intermediate futures ended the session above $84 a barrel, breaking through an earlier...


Market Review Tuesday, August 8, 2023
Wednesday, 9 August 2023 10:08 WIB | Market update

Nikkei Tokyo stocks closed higher on Tuesday helped by a relatively cheaper yen and gains on Wall Street ahead of US inflation data later this week. The benchmark Nikkei 225 index edged up 0.38 percent, or 122.73 points, to 32,377.29, while the broader Topix index added 0.34 percent, or 7.80...


Oil Slips as Weak China Data Offsets Tightening Supply
Wednesday, 9 August 2023 01:04 WIB | Oil

Oil prices fell by more than 1.5% on Tuesday after data showed China's imports and exports fell much more than expected in July in yet another sign of a sluggish post-COVID rebound for the world's largest oil importer. Brent crude futures were down $1.33, or about 1.6%, at $84.01 a barrel at 1047...


Market Review Monday, August 7, 2023
Tuesday, 8 August 2023 10:00 WIB | Market update

Nikkei Tokyo stocks reversed earlier losses and ended higher Monday as investors searched for bargains while cheering strong corporate earnings. The benchmark Nikkei 225 index added 0.19 percent, or 61.81 points, to 32,254.56, while the broader Topix index rose 0.41 percent, or 9.30 points, to...


Oil Dips After Sustained Rally Bolstered by Supply Cuts
Tuesday, 8 August 2023 01:06 WIB | Oil

Oil prices edged lower following a protracted rally, helped by top producers Saudi Arabia and Russia pledging to extend supply cuts through September, further tightening supplies. Both key benchmarks notching up their sixth consecutive weekly gains last week. On Monday, Brent crude futures...


Oil on Track for 6th Straight Weekly Rise after Supply Cuts
Saturday, 5 August 2023 01:09 WIB | Oil

Oil futures rose Friday, on track for a sixth straight weekly gain after Saudi Arabia and Russia said they would extend supply cuts. West Texas Intermediate crude for September delivery rose 50 cents, or 0.6%, to $82.04 a barrel on the New York Mercantile Exchange, on track for a weekly gain of...


Oil Coasts to Sixth Weekly Gain After Saudis, Russia Extend Cuts
Friday, 4 August 2023 16:58 WIB | Oil

Oil headed for a sixth straight weekly gain, the longest winning streak in more than a year, after OPEC+ heavyweights Saudi Arabia and Russia extended production cuts into next month and US stockpiles sank by a record. West Texas Intermediate climbed toward $82 a barrel, taking gains...


Oil Coasts to Sixth Weekly Gain After Saudi, Russia Extend Cuts
Friday, 4 August 2023 13:41 WIB | Oil

Oil headed for a sixth straight weekly gain, the longest winning streak in more than a year, after OPEC+ heavyweights Saudi Arabia and Russia extended production cuts into next month and US stockpiles sank by a record. West Texas Intermediate climbed toward $82 a barrel, taking gains...


Oil Prices Edge Lower, Extending Drop after Fitch Downgrade Rattles Markets
Friday, 4 August 2023 00:41 WIB | Oil

Oil futures were slightly lower early Thursday, extending a decline after a downgrade of the U.S. credit rating dented sentiment across markets, offsetting a record drop in U.S. crude inventories. West Texas Intermediate crude for September delivery was down 23 cents, or 0.3%, at $79.26 a barrel...


Oil Rises Marginally as Markets Weigh Inventory Data, U.S. Ratings Downgrade
Thursday, 3 August 2023 16:44 WIB | Oil

Oil prices rose slightly in early Asian trading on Thursday, as markets weighed bullish U.S. inventory data on Wednesday and a likely extension of OPEC+ output cuts against the fallout of Fitch’s downgrade of the U.S. government’s top credit. Brent crude futures rose 27 cents, or 0.32%, to...



Powell Says Latest Inflation Data ‘In Line With Expectations'
Friday, 29 March 2024 22:47 WIB

Federal Reserve Chair Jerome Powell said inflation data released Friday is "pretty much in line with our expectations," but reiterated it...

Tokyo Inflation Slowdown Won't Knock the BOJ Off Rate Hike Path
Friday, 29 March 2024 08:58 WIB

Consumer price growth in Tokyo moderated while staying well above the central bank's inflation target, keeping authorities on track to consider more...

Wall St Opens Flat ahead of Easter Break, Eyes Sharp Q1 Gains
Thursday, 28 March 2024 20:42 WIB

Wall Street's main indexes opened flat on Thursday in thin trading ahead of Easter break, as investors awaited more data to gauge the Federal...

US Q4 GDP Growth Revised Higher to 3.4% from 3.2%
Thursday, 28 March 2024 19:50 WIB

The United States' Gross Domestic Product (GDP) grew at an annual rate of 3.4% in the fourth quarter, the US Bureau of Economic Analysis (BEA) said...

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