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BRENT OIL

Oil Slips as Weak China Data Offsets Tightening Supply
Wednesday, 9 August 2023 01:04 WIB | Oil

Oil prices fell by more than 1.5% on Tuesday after data showed China's imports and exports fell much more than expected in July in yet another sign of a sluggish post-COVID rebound for the world's largest oil importer. Brent crude futures were down $1.33, or about 1.6%, at $84.01 a barrel at 1047...


Oil Dips After Sustained Rally Bolstered by Supply Cuts
Tuesday, 8 August 2023 01:06 WIB | Oil

Oil prices edged lower following a protracted rally, helped by top producers Saudi Arabia and Russia pledging to extend supply cuts through September, further tightening supplies. Both key benchmarks notching up their sixth consecutive weekly gains last week. On Monday, Brent crude futures...


Oil Coasts to Sixth Weekly Gain After Saudis, Russia Extend Cuts
Friday, 4 August 2023 16:58 WIB | Oil

Oil headed for a sixth straight weekly gain, the longest winning streak in more than a year, after OPEC+ heavyweights Saudi Arabia and Russia extended production cuts into next month and US stockpiles sank by a record. West Texas Intermediate climbed toward $82 a barrel, taking gains...


Oil Coasts to Sixth Weekly Gain After Saudi, Russia Extend Cuts
Friday, 4 August 2023 13:41 WIB | Oil

Oil headed for a sixth straight weekly gain, the longest winning streak in more than a year, after OPEC+ heavyweights Saudi Arabia and Russia extended production cuts into next month and US stockpiles sank by a record. West Texas Intermediate climbed toward $82 a barrel, taking gains...


Oil Rises Marginally as Markets Weigh Inventory Data, U.S. Ratings Downgrade
Thursday, 3 August 2023 16:44 WIB | Oil

Oil prices rose slightly in early Asian trading on Thursday, as markets weighed bullish U.S. inventory data on Wednesday and a likely extension of OPEC+ output cuts against the fallout of Fitch’s downgrade of the U.S. government’s top credit. Brent crude futures rose 27 cents, or 0.32%, to...


Oil Steadies as Risk-Off Mood Offsets Record US Inventory Draw
Thursday, 3 August 2023 13:40 WIB | Oil

Oil steadied after posting the biggest loss in five weeks as a broad shift away from risk assets was offset by signs of a tighter crude market, including a record drop in US inventories. West Texas Intermediate was little changed below $80 a barrel after tumbling by 2.3% on Wednesday as...


Oil Rises After Industry Report Points to Massive Inventory Draw
Wednesday, 2 August 2023 17:11 WIB | Oil

Oil resumed a rally after an industry estimate pointed to a huge drawdown in US inventories, adding to signals the market is tightening. West Texas Intermediate climbed above $82 a barrel, overturning Tuesday’s 0.5% loss. The American Petroleum Institute reported that...


Oil Surges After Industry Report Points to Huge Inventory Draw
Wednesday, 2 August 2023 13:44 WIB | Oil

Oil resumed a rally after an industry estimate pointed to a huge drawdown in US inventories, adding to signals the market is tightening. West Texas Intermediate surged more than 1% to above $82 a barrel after ending 0.5% lower on Tuesday. The American Petroleum Institute reported that...


Oil Steadies at 3-Mth Highs Amid Mixed China Signals, Strong Dollar
Tuesday, 1 August 2023 16:13 WIB | Oil

Oil prices fell slightly in Asian trade on Tuesday, hovering near three-month highs after a strong run of gains as markets digested mixed economic cues from major importer China, while strength in the dollar also weighed. Crude prices rallied between 14% and 16% in July, with expectations of...


Oil Steadies After Biggest Monthly Advance Since Early 2022
Tuesday, 1 August 2023 13:53 WIB | Oil

Oil steadied after the biggest monthly advance since early 2022 as signs of a tighter global crude market were countered by indications the rally may be due for a pause after such a rapid run-up. West Texas Intermediate was little changed below $82 a barrel after surging 16% in July....


Oil Prices Dip as Markets Weigh Weak China PMIs, Stimulus Hopes
Monday, 31 July 2023 16:29 WIB | Oil

Oil prices fell slightly on Monday after weak business activity data from China pointed to worsening economic conditions in the world’s largest oil importer, although the prospect of more stimulus measures in the country kept losses limited. Prices were sitting on five straight weeks of gains,...


Oil on Track for Biggest Monthly Gains in Over a Year
Monday, 31 July 2023 14:53 WIB | Oil

Oil prices hovered near three-month highs on Monday, set to post their biggest monthly gains in over a year on expectations that Saudi Arabia would extend voluntary output cuts into September and tighten global supply. Brent crude futures dipped 9 cents to $84.90 a barrel by 0005 GMT while U.S....


U.S. oil futures settle at highest in 3 months
Tuesday, 25 July 2023 08:44 WIB | Oil

U.S. oil prices on Monday ended at their highest in three months, up more than 2%. "The unquenched thirst for summer oil created a snowball effect that has led to a multi-week rally," said Manish Raj, managing director at Velandera Energy Partners. "Export cuts from Saudi Arabia and Russia has...


Oil Heads for Third Weekly Gain as Africa, Russia Crimp Supply
Saturday, 15 July 2023 01:15 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 traded near $77 a barrel, up around 4% this week, even as they fluctuated Friday. Protesters shut a major Libyan oil field,...


Oil Heads for Third Weekly Gain as Africa, Russia Crimp Supply
Friday, 14 July 2023 22:32 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 traded near $77 a barrel, up around 4% this week, even as they fluctuated Friday. Libya’s second-biggest oil field,...


Oil Edges Up on Supply Cuts, Demand Hopes
Wednesday, 12 July 2023 01:38 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 39 cents, or 0.5%, to $78.08 a barrel, and U.S. West Texas Intermediate crude...


Oil Swings as Technical Resistance Looms Over Last Week’s Rally
Tuesday, 11 July 2023 04:35 WIB | Oil

Oil swung between gains and losses as technical resistance threatened to put a lid on last week’s supply-driven rally. West Texas Intermediate traded little changed near $74 a barrel after breaking above its 100-day moving average on Friday. Crude fell through the key technical level in...


Oil Edges Lower After Its Biggest Weekly Gain Since Early April
Monday, 10 July 2023 23:24 WIB | Oil

Oil dipped, eroding its biggest weekly gain since early April, as investors juggled signs of tightening supply and persistent macro-economic concerns. Brent futures traded near $78 a barrel having closed 4.8% higher last week following a pledge by Saudi Arabia and Russia to reduce supply....


Oil Heads for Second Weekly Climb After OPEC+ Leaders Wade In
Friday, 7 July 2023 22:37 WIB | Oil

Oil headed for a second weekly gain after OPEC+ leaders Saudi Arabia and Russia tightened supplies and US crude stockpiles fell. West Texas Intermediate was little changed near $72 a barrel, on course for a weekly advance of 1.6%. The US crude benchmark is set for the first back-to-back...


Oil Steadies as Market Digests Supply and Demand Outlook
Thursday, 6 July 2023 22:27 WIB | Oil

Oil prices were little changed on Thursday as the market digested fears of global economic slowdown alongside tighter crude supply. Brent crude futures dipped 20 cents to $76.45 a barrel by 0752 GMT after a 0.5% gain the previous day. U.S. West Texas Intermediate crude fell 5 cents to $71.74 a...



Indeks S&P 500 Sedikit Naik, Mencoba Pulih dari Kerugian Berturut-turut
Tuesday, 26 March 2024 20:38 WIB

Saham-saham AS sedikit naik pada hari Selasa (26/6), karena investor mencoba melanjutkan reli yang membawa ekuitas ke rekor tertinggi setelah...

Market Review, Selasa 26 Maret 2024
Wednesday, 27 March 2024 03:31 WIB

Nikkei Saham Tokyo berakhir mendatar pada hari Selasa (26/3) karena investor menaruh harapan pada kenaikan saham terkait semikonduktor sambil...

Indeks Eropa Ditutup Naik Tipis; Saham Tui Naik 5%, Maersk Turun 2,6%
Wednesday, 27 March 2024 00:11 WIB

Pasar saham Eropa ditutup lebih tinggi pada hari Selasa (26/3) karena investor terus mempertimbangkan keputusan kebijakan bank sentral minggu lalu...

Saham Berjangka AS Naik karena Reli Pasar Berhenti
Tuesday, 26 March 2024 15:08 WIB

Saham-saham berjangka AS semuanya lebih tinggi pada Selasa (26/3) pagi, setelah rata-rata saham utama berhenti sejenak dari relinya. Saham Dow...

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