Saturday, 9 March 2024 09:35 WIB | Oil
West Texas Intermediate (WTI) crude oil closed lower on Friday on robust supply, even as demand remains solid as the United States added more new jobs than expected last month, showing its economy remains robust despite high interest rates,
WTI crude for April delivery closed down US$0.92 to...
Friday, 8 March 2024 20:24 WIB | Oil
Oil prices rose on Friday, driven by growing demand in the world's biggest consumers, the United States and China, while the U.S. Federal Reserve gave a positive signal on the possibility of rate cuts.
Brent crude futures were up 0.6%, or 49 cents, at $83.45 a barrel by 0415 GMT. U.S. West Texas...
Tuesday, 5 March 2024 09:41 WIB | Oil
Crude futures settle lower after a choppy start as some view the extension of OPEC+ output cuts as a sign the group could be rethinking its above-consensus demand views.
The extension, including additional output and export curbs by Russia, "likely highlights some bearishness in global demand...
Monday, 4 March 2024 18:43 WIB | Oil
Oil prices nudged higher on Monday after OPEC+ members agreed to extend voluntary oil output cuts to the end of the second quarter, largely in line with market expectations, while Russia pledged to cut production and exports.
Brent futures was 14 cents, or 0.2% higher, at $83.69 a barrel at 0415...