Friday, 17 November 2023 16:14 WIB | Oil
Oil prices dropped around 5% on Thursday to their lowest in four months, as investors worried about global oil demand following weak data from the U.S. and Asia.
Brent futures settled down $3.76, or 4.6%, to $77.42 a barrel. U.S. West Texas Intermediate crude (WTI) shed $3.76, or 4.9%, to $72.90....
Thursday, 16 November 2023 17:00 WIB | Oil
Oil prices extended losses into Asian trade on Thursday after a bigger-than-expected weekly build in U.S. crude stockpiles, while signs of easing demand in China also weighed.
Crude prices had fallen about 1.5% in the prior session, cutting short a brief recovery as data pointed to increased U.S....
Tuesday, 14 November 2023 17:33 WIB | Oil
Oil rose for a fourth day, the longest run of gains in over two months, on signs the demand outlook may not be as bad as previously feared.
Global benchmark Brent traded near $83 a barrel, and is up around 4% since Wednesday’s close. West Texas Intermediate was close to $79. Demand...
Tuesday, 14 November 2023 13:48 WIB | Oil
Oil rose for a fourth day, the longest run of gains in more than two months, on signs the demand outlook may not be as bad as previously feared.
West Texas Intermediate traded near $78 a barrel, and is up more than 4% since last Wednesday’s close. Global benchmark Brent was close to $83....
Saturday, 4 November 2023 08:41 WIB | Oil
Oil futures declined on Friday, with U.S. prices tallying a loss of 5.9% for the week, according to Dow Jones Market Data. All of the softer U.S. economic data may have come as a relief to Federal Reserve policymakers, but “it’s weighed on crude oil, with a weaker economy meaning softer demand,”...
Friday, 27 October 2023 00:46 WIB | Oil
Oil prices fell on Thursday after a rise in U.S. crude stockpiles and a climb in the dollar index, giving up some ground gained a day earlier when prices jumped on fears of a broader conflict in the Middle East.
Brent crude futures declined by 80 cents, or 0.9%, to $89.33 a barrel at 1010 GMT....
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