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MINYAK WTI

Oil Holds Gain as OPEC, US See Output Cuts Tightening Market
Wednesday, 13 September 2023 20:14 WIB | Oil

Oil steadied after rallying to a 10-month high on forecasts by OPEC and the US that output cuts will tighten the market in the months ahead. West Texas Intermediate traded near $89 a barrel, after rising 1.8% in the prior session. The Organization of Petroleum Exporting Countries said...

Oil prices hover near 10-month high on supply concerns
Wednesday, 13 September 2023 14:56 WIB | Oil

Oil prices edged higher on Wednesday, hovering at a new 10-month high hit the previous day, as expectations of tighter global supply and fears of supply disruption in Libya outweighed concerns of slower demand in some countries such as China. The international benchmark Brent futures rose 8...

Oil Futures Log Fresh Settlement Highs for the Year
Wednesday, 13 September 2023 08:44 WIB | Oil

Oil prices marked fresh settlement highs for the year on Tuesday with expectations that output cuts by major producers will lead to a global crude supply shortfall in the fourth quarter. Analysis by the Organization of the Petroleum Exporting Countries shows that if the group of producers...

Oil Prices Higher as Market Awaits Data on Inventories, Economy
Wednesday, 13 September 2023 01:39 WIB | Oil

Brent crude futures hovered just above $91 a barrel on Tuesday, as investors awaited a slew of macroeconomic data due later this week that could indicate whether Europe and the U.S. continue to hike interest rates. The international benchmark Brent contract added 64 cents to $91.28 a barrel at...

Oil Trades Near $91 a Barrel in London as Fuel Markets Tighten
Tuesday, 12 September 2023 22:58 WIB | Oil

Oil traded near $91 a barrel on London as global fuel markets continued to tighten amid robust demand and supply curbs by top OPEC+ members.  Brent crude pushed edged higher on Tuesday, after hitting a new high for the year during the previous session. Diesel — the workhorse fuel of...

Oil Edges Higher as Attention Shifts to Outlooks From OPEC, US
Tuesday, 12 September 2023 17:07 WIB | Oil

Oil edged up, trading near the highest level this year before reports that may offer further insight into the market’s balances. West Texas Intermediate advanced toward $88 a barrel, after slipping 0.3% on Monday as technical indicators suggested its earlier gains may be overdone. The...

Oil prices steady near 10-mth highs with OPEC, CPI in focus
Tuesday, 12 September 2023 14:53 WIB | Oil

Oil prices moved little in Asian trade on Tuesday as markets awaited forecasts on supply and demand from an OPEC report due later in the day, although optimism over recent supply cuts kept prices near 10-month highs. Investors were also on edge before key U.S. inflation data due this week, which...

Oil Futures End Lower after Posting a More than 2% Weekly Gain
Tuesday, 12 September 2023 08:41 WIB | Oil

Oil prices ended a bit lower on Monday, easing back after logging a more than 2% gain last week. While demand concerns continue to “headline downside risk” for oil, fundamental conditions remain undersupplied for now, as has been clear from strong draws to commercial U.S. crude stocks in...

Oil Prices Ease From 10-Month Highs but Hold Above $90 a Barrel
Tuesday, 12 September 2023 01:07 WIB | Oil

Oil prices edged lower on Monday after fresh Saudi and Russian crude output cuts had driven prices to 10-month highs last week. Saudi Arabia and Russia last week announced that they will extend voluntary supply cuts of a combined 1.3 million barrels per day (bpd) until the end of the year. Brent...

Oil Dips After Technicals Signal Rally May Have Run Too Hot
Monday, 11 September 2023 14:13 WIB | Oil

Oil declined after rallying almost 10% over the past two weeks, with technical indicators suggesting recent gains may have been overdone. West Texas Intermediate traded near $87 a barrel after a 2.3% advance last week. The 9-day relative strength index for WTI has been above a level...

WTI Oil Ends With a 2.3% Weekly Increase
Saturday, 9 September 2023 08:30 WIB | Oil

US crude futures end the day 0.7% higher, and rise 2.3% for the week, to finish at $87.51 a barrel. Today's gains were driven largely by fuel markets, where prices continue to push higher despite the end of the peak-demand summer driving season. ULSD diesel fuel futures ended the day 2.7% higher...

Oil Prices Ease on Demand Concerns, Still Headed for Weekly Gain
Friday, 8 September 2023 16:17 WIB | Oil

Oil prices fell for a second session on Friday, weighed down by lingering concerns over slower global demand, but were still headed for a second consecutive weekly gain amid expectations of tightening supplies. Brent crude futures slid 33 cents, or 0.4%, to $89.59 a barrel by 0050 GMT, while U.S....

Oil Heads for Weekly Gain After OPEC+ Leaders Extend Supply Cuts
Friday, 8 September 2023 13:39 WIB | Oil

Oil headed for a weekly gain after OPEC+ leaders Saudi Arabia and Russia extended supply cuts through year-end and US inventories declined. West Texas Intermediate was steady near $87 a barrel, after retreating by 0.8% on Thursday as futures strayed into overbought territory. For the...

Oil Ends Lower On Profit-Taking After 9-Session Rally
Friday, 8 September 2023 08:18 WIB | Oil

US crude futures finish 0.8% lower at $86.87 a barrel, which brings to an end a nine-session streak of gains for WTI that matched the longest winning streak in 13 years. Today's moderate retreat in prices was attributed to profit-taking mostly as investors decided the market had reached...

Oil’s Rally Takes Breather as Traders Turn Gaze to Stockpiles
Thursday, 7 September 2023 17:05 WIB | Oil

Oil edged lower after capping the longest winning run in more than four years as OPEC+ leaders extended supply cuts to the end of 2023. West Texas Intermediate fell toward $87 a barrel after posting nine straight daily gains, the longest stretch of advances since January 2019. That...

Oil Posts Best Run Since 2019 as OPEC+ Cuts to Tighten Market
Thursday, 7 September 2023 13:38 WIB | Oil

Oil held gains after capping the longest winning run in more than four years as OPEC+ leaders extended supply cuts to the end of 2023 and industry estimates pointed to another draw in US crude inventories. West Texas Intermediate edged higher toward $88 a barrel after posting nine...

WTI Oil Ends Higher For 9th Straight Session
Thursday, 7 September 2023 08:20 WIB | Energy

US crude futures post their ninth straight session of price increases, ending up 1% at $87.54 a barrel, which is the highest closing price since Nov. 11, 2022. Analysts attribute the gains to announced production cuts by Saudi Arabia and Russia, and say a late-summer rebound in US air travel...

Oil Tests November High After OPEC+ Leaders Extend Supply Cuts
Wednesday, 6 September 2023 19:07 WIB | Oil

Oil held near the highest since November after OPEC+ leaders Saudi Arabia and Russia announced that they would extend supply curbs through the end of the year, tightening the global market. West Texas Intermediate traded near $87 a barrel after the twin announcements on Tuesday, which...

Oil Steady Near Nine-Month High After OPEC+ Extends Supply Cuts
Wednesday, 6 September 2023 13:38 WIB | Oil

Oil steadied near the highest since November after OPEC+ leaders Saudi Arabia and Russia announced that they would extend supply curbs through the end of the year, tightening the global market. West Texas Intermediate traded near $87 a barrel after the twin announcements on Tuesday,...

U.S. oil futures end at highest since November
Wednesday, 6 September 2023 08:40 WIB | Oil

U.S. oil futures settled Tuesday at their highest since November, lifted by news that Saudi Arabia and Russia have decided to extend their production cuts to the end of the year. October West Texas Intermediate crude climbed $1.14, or 1.3%, to settle at $86.69 a barrel on the New York Mercantile...


Market Review Wednesday, April 17, 2024
Thursday, 18 April 2024 03:20 WIB

Nikkei Japanese stocks fell, marking their biggest three-day drop since October, as investors continued to be on watch for any risk of currency...

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S&P 500 And Nasdaq Close Lower For A Fourth Straight Day As Nvidia Shares Slide
Thursday, 18 April 2024 03:14 WIB

The S&P 500 dropped for a fourth consecutive session on Wednesday, as Nvidia and other struggling technology names put downward pressure on the...

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US Equity Indexes Decline Amid Quarterly Earning Reports
Wednesday, 17 April 2024 23:20 WIB

US equity indexes slipped as the earnings onslaught continued and government bond yields fell with crude oil after midday on Wednesday. The S&P...

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S&P 500 rises on Wednesday as it tries to snap a 3-day losing streak
Wednesday, 17 April 2024 20:44 WIB

U.S. stocks rose Wednesday after the S&P 500 notched its third straight day of losses, as the corporate earnings season ramped up. The broad...

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