Monday, 31 July 2023 22:42 WIB | Oil
Oil prices were set to post their biggest monthly gains in more than a year on Monday, on expectations that Saudi Arabia will extend voluntary output cuts into September and tighten global supply.
Brent crude futures slipped 7 cents to $84.92 a barrel by 0819 GMT, while U.S. West Texas...
Saturday, 29 July 2023 08:31 WIB | Oil
US crude futures overcome some earlier selling to climb 0.6% and finish at $80.58 a barrel, the highest closing price since April 18 and the sixth increase in seven sessions.
WTI crude also rises 4.6% for the week, marking the fifth consecutive weekly increase, the longest winning streak since...
Tuesday, 25 July 2023 17:02 WIB | Oil
Oil prices edged higher for the third straight session on Tuesday, as signs of tighter supplies and pledges by Chinese authorities to shore up the world's second-biggest economy lifted sentiment.
Brent futures gained 22 cents, or 0.3%, to $82.96 a barrel by 0253 GMT, while U.S. West Texas...
Wednesday, 19 July 2023 08:33 WIB | Oil
Oil futures finished higher on Tuesday, marking their first gain in three sessions.
“With OPEC discipline acting to stem oil price declines, energy traders could remain in buy-the-dip mode until proven wrong,†wrote Stephen Innes, managing partner at SPI Asset Management, in commentary...