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Oil on Track for Fifth Week of Gains

Saturday, 29 July 2023 01:12 WIB | Oil

Oil prices were steady on Friday, but on track for a fifth straight week of gains with investors optimistic healthy demand and supply cuts will keep prices buoyant. Risk appetite in wider financial markets has been fuelled by growing expectations that central banks such as the Fed and European...

Oil Prices Bounce Back Toward 3-Month Highs

Friday, 28 July 2023 01:18 WIB | Oil

Oil futures rose early Thursday, taking back ground lost the previous session to trade near three-month highs as investors looked for further tightness in global supplies of crude. West Texas Intermediate crude for September delivery rose 67 cents, or 0.8%, to $79.45 a barrel on the New York...

Oil Climbs Close to April Peak on Tighter Supply

Thursday, 27 July 2023 22:32 WIB | Oil

Oil climbed almost 1% on Thursday, recouping losses from the previous session, supported by supply tightness owing to OPEC+ production cuts and renewed optimism on the outlook for Chinese demand and global growth. Crude has posted four consecutive weekly gains on an expected tightening of supply...

Oil Prices Steady Near 3-Month Highs

Tuesday, 25 July 2023 22:34 WIB | Oil

Oil prices were steady on Tuesday, hovering near three-month highs as signs of tighter supplies and pledges by Chinese authorities to shore up the world's second-biggest economy lifted sentiment, while weaker Western economic data weighed. Brent futures were down 4 cents, or 0.05%, at $82.70 a...

Oil Prices Rise after 4th Straight Weekly Gain

Tuesday, 25 July 2023 01:40 WIB | Oil

Oil futures rose early Monday, looking to build on a fourth straight weekly rise on expectations crude supplies will tighten in the second half of the year. West Texas Intermediate crude for September delivery rose 39 cents, or 0.5%, to $81.46 a barrel on the New York Mercantile Exchange....

Oil Ticks Up as Markets Like Chinese Stimulus, Falling US Inventories

Friday, 21 July 2023 22:11 WIB | Oil

Oil prices crept up on Friday, buoyed by economic stimulus in slow-recovering China and falling inventories in the U.S.. Brent futures were up 65 cents to $80.29 a barrel by 0817 GMT, while U.S. West Texas Intermediate (WTI) crude climbed 64 cents to $76.29 a barrel. Prices closed marginally...

Oil Holds Near $80 as US Stockpile Drop Offsets Demand Worries

Friday, 21 July 2023 02:02 WIB | Oil

Oil steadied near $80 a barrel in London as traders assessed a mixed picture in the US market and Chinaâ€™s efforts to revitalize its sagging economic growth. Brent futures were slightly higher on Thursday in thin trading typical for this time of year. US data showed crude inventories...

Oil Edges Higher after Back-to-Back Declines

Wednesday, 19 July 2023 01:27 WIB | Oil

Oil futures rose modestly early Tuesday, stabilizing after back-to-back declines as investors await U.S. supply data. West Texas Intermediate crude for August delivery rose 34 cents, or 0.5%, to $74.49 a barrel on the New York Mercantile Exchange. September Brent crude, the global benchmark, was...

Oil Steadies as Investors Digest China Gloom, Eye US Crude Supplies

Tuesday, 18 July 2023 21:44 WIB | Oil

Oil prices were little changed on Tuesday as investors weighed a possible tightening of U.S. crude supplies against weaker-than-expected Chinese economic growth. Brent crude was down 1 cent at $78.49 a barrel by 0753 GMT, while U.S. West Texas Intermediate crude edged up 1 cent to $74.16 a...

Oil Holds Two-Day Drop as China Angst Offsets Russia Export Cuts

Tuesday, 18 July 2023 17:28 WIB | Oil

Oil steadied after dropping almost 4% over the previous two sessions as concerns over the state of Chinaâ€™s economy were offset by Russiaâ€™s plans to cut crude exports. West Texas Intermediate traded above $74 a barrel, after falling by 1.7% on Monday as a major Libyan oil field came...

Oil Prices Retreat after Weak China Data

Tuesday, 18 July 2023 01:26 WIB | Oil

Oil futures fell Monday, kicking off the week on a negative note after data on Chinaâ€™s economic growth fell short of expectations. West Texas Intermediate crude for August delivery fell $1.04, or 1.4%, to $74.38 a barrel on the New York Mercantile Exchange. September Brent crude, the global...

Oil Slides more than 1% as Chinese GDP Dents Demand Hopes

Monday, 17 July 2023 22:18 WIB | Oil

Oil prices dropped by more than 1% on Monday after weaker than expected Chinese economic growth fuelled concern over demand in the world's second-biggest oil consumer while a partial restart of halted Libyan output also pressured. China's gross domestic product (GDP) grew 6.3% year on year in the...

Oil Set for Third Straight Week of Gains on Tight Supply

Friday, 14 July 2023 17:20 WIB | Oil

Oil prices were set to register their third consecutive weekly gain for the first time since April, rising on Friday due to supply disruptions in Libya and Nigeria, and hopes of higher demand for crude due to easing U.S. inflation. Brent crude futures had added 5 cents, or 0.1%, to $81.41 per...

Oil Set for Third Weekly Gain as African Outages Tighten Supply

Friday, 14 July 2023 13:48 WIB | Oil

Oil headed for a third weekly gain as supply disruptions in Africa and a reduction in shipments from Russia tightened the market. West Texas Intermediate futures rose above $77 a barrel on Friday and are 4.6% higher for the week. Libyaâ€™s second-biggest oil field is in the process of...

Oil Edges Higher on Cooling US Inflation Ahead of IEA Report

Thursday, 13 July 2023 17:13 WIB | Oil

Oil extended gains as softening US inflation prompted optimism the rate-hiking cycle may be nearing an end, improving the demand outlook. West Texas Intermediate rose above $76 a barrel after closing 1.2% higher on Wednesday as consumer price inflation dropped to the lowest in more...

Oil Holds Gains on Cooling US Inflation, Weakening US Dollar

Thursday, 13 July 2023 14:02 WIB | Oil

Oil held gains as softening US inflation prompted optimism the rate-hiking cycle may be nearing an end, improving the demand outlook. West Texas Intermediate traded near $76 a barrel after closing 1.2% higher on Wednesday as consumer price inflation fell to the lowest in more than...

Oil prices hold their ground ahead of inflation, supply data

Thursday, 13 July 2023 01:52 WIB | Oil

Crude oil prices were treading water early Wednesday after an overnight bump faded ahead of an update on U.S. inventories, as well as the U.S. June inflation report that could impact markets more broadly. West Texas Intermediate crude for August delivery gained 11 cents, or 0.1%, to $74.95 per...

Oil Holds Gain on Signs Russian Crude Flows Starting to Decline

Wednesday, 12 July 2023 18:00 WIB | Oil

Brent oil steadied after rising around 2% on Tuesday on signs that Russian crude production may be finally starting to decline. Futures in London traded near $80 a barrel, a threshold that was last breached in early May. Vessel tracking data showed shipments through Russiaâ€™s...

Oil Holds Gain on Signs Russian Crude Flows Starting to Decline

Wednesday, 12 July 2023 13:50 WIB | Oil

Oil steadied in Asia after rising 2.5% on Tuesday on signs that Russian crude production may be finally starting to drop. West Texas Intermediate futures traded near $75 a barrel. Vessel tracking data showed Russian oil flows are starting to show signs of falling more than...

Oil edges up on supply cuts, demand hopes

Tuesday, 11 July 2023 22:32 WIB | Oil

Oil prices edged higher on Tuesday supported by supply cuts by the world's biggest oil exporters and continued hopes for higher demand in the developing world in the second half of 2023. Brent crude futures were up 46 cents, or 0.6%, to $78.15 a barrel by 0802 GMT, and U.S. West Texas...

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MINYAK MENTAH

Oil on Track for Fifth Week of Gains

Oil Prices Bounce Back Toward 3-Month Highs

Oil Climbs Close to April Peak on Tighter Supply

Oil Prices Steady Near 3-Month Highs

Oil Prices Rise after 4th Straight Weekly Gain

Oil Ticks Up as Markets Like Chinese Stimulus, Falling US Inventories

Oil Holds Near $80 as US Stockpile Drop Offsets Demand Worries

Oil Edges Higher after Back-to-Back Declines

Oil Steadies as Investors Digest China Gloom, Eye US Crude Supplies

Oil Holds Two-Day Drop as China Angst Offsets Russia Export Cuts

Oil Prices Retreat after Weak China Data

Oil Slides more than 1% as Chinese GDP Dents Demand Hopes

Oil Set for Third Straight Week of Gains on Tight Supply

Oil Set for Third Weekly Gain as African Outages Tighten Supply

Oil Edges Higher on Cooling US Inflation Ahead of IEA Report

Oil Holds Gains on Cooling US Inflation, Weakening US Dollar

Oil prices hold their ground ahead of inflation, supply data

Oil Holds Gain on Signs Russian Crude Flows Starting to Decline

Oil Holds Gain on Signs Russian Crude Flows Starting to Decline

Oil edges up on supply cuts, demand hopes

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