Friday, 19 April 2024
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MINYAK WTI

Oil Declines With US Stockpiles and OPEC Supply Policy In Focus
Wednesday, 28 February 2024 13:54 WIB | Oil

Oil fell after a two-day gain as signs of higher US inventories vied with expectations that OPEC+ will extend supply cuts. West Texas Intermediate slipped toward $78 a barrel, after advancing more than 3% over the week’s first two sessions amid strength in physical markets. The...


WTI Crude Oil Closes Higher on Report OPEC+ to Extend Voluntary Quota Reductions
Wednesday, 28 February 2024 09:47 WIB | Oil

West Texas Intermediate (WTI) crude oil closed higher on Tuesday after a report said OPEC+ may extend voluntary production cuts set to expire at the end of March into the second quarter and could extend them through 2024. WTI crude oil for April delivery closed up US$1.29 to settle at US$78.87...


Oil Steadies With Pockets of Strength Across Physical Markets
Tuesday, 27 February 2024 17:30 WIB | Oil

Oil steadied after a gain, with pockets of strength in physical markets supporting wider sentiment. Brent traded above $82 a barrel after rising by 1.1% on Monday, while West Texas Intermediate was below $78. There have been signs of recent buying activity from refineries in the...


Oil Holds Gain With Pockets of Strength Across Physical Markets
Tuesday, 27 February 2024 13:53 WIB | Oil

Oil steadied after a gain, with pockets of strength in physical markets supporting wider sentiment. West Texas Intermediate traded below $78 a barrel after rising by 1.4% on Monday, with Brent closing above $82. There have been signs of recent buying activity from refineries in the...


WTI Crude Oil Rises on Supply Concerns and Geopolitical Turmoil
Tuesday, 27 February 2024 09:31 WIB | Oil

West Texas Intermediate (WTI) crude oil closed higher on Monday, rising off early weakness on worries over continuing attacks on Red Sea shipping by Yemen's Houthi militants, which are tightening supply in Europe. WTI crude for April delivery closed up US$1.09 to settle at US$77.58 per barrel,...


Oil Extends Losses After Dollar Strengthens on Interest Rate Outlook
Monday, 26 February 2024 18:43 WIB | Oil

Oil prices fell on Monday, extending losses from the previous session after the dollar rose amid market concerns that higher-than-expected inflation could delay cuts to high U.S. interest rates that have been capping global fuel demand growth. Brent crude futures fell 35 cents, or 0.4%, to $81.27...


Oil Opens Week With Drop as Traders Await Cues on Market Balance
Monday, 26 February 2024 15:36 WIB | Oil

Oil edged lower after a weekly drop as traders awaited a fresh raft of clues about global crude demand and balances in March and beyond. Brent dipped toward $82 a barrel after losing more than 2% last week, with US counterpart West Texas Intermediate above $76. Market outlooks will come this...


Crude Oil Holds Decline After Technical Breach Triggers Selloff
Monday, 26 February 2024 13:07 WIB | Oil

Oil held the biggest drop in three weeks after breaching a key moving average, with prices still trapped in a tight trading range. Brent steadied below $82 a barrel after declining by 2.5% on Friday, with West Texas Intermediate above $76. Futures sank below their 200-day moving average in...


WTI Oil Slumps on Demand Concerns, though Mideast Tensions and Lower US Inventories Offer Support
Saturday, 24 February 2024 09:42 WIB | Oil

West Texas Intermediate (WTI) crude oil closed with a loss on Friday on demand concerns, losing ground a day after a smaller than expected rise in US inventories buoyed the market. WTI crude oil for April delivery closed down US$2.12 to settle at US$76.49 per barrel, while April Brent crude, the...


Oil Set to End Winning Streak after Fed Says in no Rush to Cut US Rates
Saturday, 24 February 2024 01:00 WIB | Oil

Oil prices were down on Friday and on track to end a two-week winning streak after the U.S. central bank indicated interest rate cuts could be delayed by at least two more months. Brent crude futures were down 94 cents, or 1.1%, at $83.73 a barrel at 1015 GMT on Friday, while U.S. West Texas...


WTI Crude Oil Closes Higher as US Inventories Rise Less than Expected
Friday, 23 February 2024 09:30 WIB | Oil

West Texas Intermediate (WTI) crude oil closed higher on Thursday after US oil inventories less than expected.. WTI crude for April delivery closed up US$0.70 to settle at US$78.61 per barrel, while April Brent crude, the global benchmark, was last seen up US$0.57 to US$83.60. Prices fell early...


Oil Rises on Softer Dollar, Shipping Attack
Friday, 23 February 2024 01:19 WIB | Oil

Oil prices rose for a second day on Thursday, buoyed by a softer dollar and another attack on shipping near Yemen. Brent crude futures rose 35 cents, or 0.4%, to $83.38 a barrel at 1036 GMT. U.S. West Texas Intermediate crude futures climbed 37 cents, or 0.5%, to $78.28 a barrel. The dollar...


Oil Rises for Second Day on Improving Signs of US Refinery Demand
Thursday, 22 February 2024 21:47 WIB | Oil

Oil prices rose for a second day on Thursday, buoyed by expectations that demand in the U.S., the world's biggest oil consumer, will improve as refineries try to return to service after outages and as the dollar weakened. Brent crude futures rose 34 cents, or 0.4%, to $83.37 a barrel at 0740 GMT....


Oil prices rise as Fed officials indicate interest rates have peaked
Thursday, 22 February 2024 09:52 WIB | Oil

Crude oil futures rose Wednesday as Federal Reserve officials indicated that interest rates have likely reached their peak. The West Texas Intermediate contract for April gained 87 cents, or 1.13%, to settle at $77.91 a barrel. April Brent futures added 69 cents, or 0.84%, to settle at $83.03 a...


Oil Dips as Investors Weigh up US Rate Cut Outlook
Thursday, 22 February 2024 00:59 WIB | Oil

Oil prices extended losses from the previous session on Wednesday, as growing expectations that cuts to U.S. interest rates will take longer than thought outweighed ongoing concerns over attacks on shipping in the Red Sea. Brent crude futures fell by 47 cents, or 0.57%, to $81.87 a barrel by 1034...


Oil Rises as Investors Weigh Red Sea Attacks, US Rate Cut Outlook
Wednesday, 21 February 2024 21:50 WIB | Oil

Oil prices regained some ground in Asian trade on Wednesday amid concerns over attacks on shipping in the Red Sea and growing expectations that cuts to U.S. interest rates will take longer than thought. Brent crude futures rose 24 cents or 0.3% to $82.58 a barrel by 0721 GMT, while U.S. West...


WTI Crude Oil Closes Lower as Demand Worries Trump Middle East Tensions
Wednesday, 21 February 2024 09:32 WIB | Oil

West Texas Intermediate (WTI) closed lower on Tuesday as geopolitical worries amid violence in the Middle East were more than offset by demand concerns. WTI crude oil for March delivery closed down US$1.01 to settle at US$78.18 per barrel, while April Brent crude, the global benchmark, was last...


Oil Prices Edge Lower as Traders Monitor Middle East Tensions
Wednesday, 21 February 2024 01:43 WIB | Oil

Oil futures moved lower early Tuesday as U.S. traders prepared to return from the Presidents Day holiday weekend, while downside was seen limited by continued worries over the Middle East as Iran-backed Houthi rebels continued to attack cargo ships. West Texas Intermediate crude for March...


Oil Slips on Demand Jitters and Profit-Taking
Tuesday, 20 February 2024 01:03 WIB | Oil

Oil prices dipped on festering demand concerns and profit-taking prompted by last week's gains as conflict in the Middle East showed no signs of easing. Brent crude futures were down 78 cents, or 0.9%, at $82.69 a barrel by 1030 GMT. The March contract for U.S. West Texas Intermediate (WTI)...


WTI Crude Oil Closes Higher as Focus Stays on Geopolitical Turmoil
Saturday, 17 February 2024 10:03 WIB | Oil

West Texas Intermediate (WTI) crude oil rose to the highest in three months on Friday as geopolitical worries amid Mideast violence and the death in prison of Russian opposition figure Alexei Navalny offset a well-supplied market and flagging demand. WTI crude for March delivery closed up US$1.16...



Asia Markets Extend Declines amid Iran-Israel Tensions; China Economic Data on Deck
Tuesday, 16 April 2024 07:29 WIB

Asia-Pacific markets extended their declines as the world awaits Israel's response to Iran's air assault over the weekend. On Tuesday, China's...

Fed's Powell: Restrictive Policy Needs Further Time to Work
Wednesday, 17 April 2024 00:53 WIB

Federal Reserve (Fed) Chairman Jerome Powell participates in a fireside chat about economic trends in North America at the Wilson Center's...

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...

China's Economic Momentum Shows Signs of Cooling
Tuesday, 16 April 2024 09:12 WIB

China's economic momentum showed signs of cooling in March after a strong start in the first two months of the year, official data showed...

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