Saturday, 1 July 2023 08:50 WIB | Oil
Oil futures settled higher on Friday, posting a gain for the month but a loss for the quarter.
Crude prices have found support from the OPEC+ deal and voluntary production cuts made by several members to support the market, including Saudi Arabia, said Fawad Razaqzada, market analyst at StoneX....
Friday, 30 June 2023 01:18 WIB | Oil
Oil prices steadied on Thursday, a day after rising sharply on a bigger-than-expected fall in U.S. inventories, as attention shifted back to rising interest rates denting global economic growth.
Brent crude futures was up 10 cents, or 0.1%, to $74.13 a barrel by 1032 GMT. U.S. West Texas...
Wednesday, 28 June 2023 16:42 WIB | Oil
Oil prices edged higher on Wednesday as markets worried about supply tightness in the U.S., the world’s biggest oil consumer, after data showed a larger-than-expected draw in its crude and gasoline inventories.
Brent crude futures rose 32 cents, or 0.4%, to $72.58 a barrel at 0002 GMT, while...
Wednesday, 28 June 2023 08:49 WIB | Oil
US crude futures finish down 2.4% at $67.70 a barrel, the lowest closing price since June 12. "The market appears to have quickly discounted any meaningful supply risk tied to the short-lived uprising by Russian paramilitary forces over the weekend," says Schneider Electric's Robbie Fraser, in a...
Saturday, 24 June 2023 08:36 WIB | Oil
US crude futures rebound from steep losses early, and finish the day just 0.5% lower at $69.16 a barrel.
A sell-off at the start of the NY trading session began to gather steam, and prices fell to as low as $67.35 intraday, less than $1 away from lows not seen since 2021. But the market then...