Saturday, 19 August 2023 08:33 WIB | Oil
U.S. oil futures settled higher on Friday, but prices based on the front-month contract lost more than 2% for the week, according to Dow Jones Market Data.
“There continues to be a battle royale between supply and demand, with OPEC+ cutting production, led by Saudi Arabia, while Chinese...
Saturday, 19 August 2023 01:45 WIB | Oil
Oil futures edged lower Friday, on track to snap a run of seven straight weekly gains as worries about Chinese demand, rising bond yields and a stronger dollar take a toll.
West Texas Intermediate crude for September delivery fell 28 cents, or 0.3%, to $80.11 a barrel on the New York Mercantile...
Wednesday, 16 August 2023 08:46 WIB | Oil
Oil futures slumped Tuesday, ending lower after another round of disappointing economic data out of China, which was followed by interest rate cuts by the central bank in Beijing.
West Texas Intermediate crude for September delivery fell $1.52, or 1.8%, to close at $80.99 a barrel on the New York...
Tuesday, 15 August 2023 16:29 WIB | Oil
Oil was steady after a loss on Monday on concerns around the health of the Chinese economy and an elevated dollar.
West Texas Intermediate traded near $83 a barrel after falling 0.8% in the previous session. Chinese data released Tuesday, including industrial output, retail sales,...