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Oil Declines as Tough Outlook Overshadows Middle East Tensions

Monday, 15 January 2024 14:15 WIB | Oil

Oil fell even as the US and allies pressed home their campaign against Houthi rebels in Yemen, as a tough global outlook vied with tensions in the region. Global benchmark Brent fell below $78 a barrel after ending higher on Friday, with West Texas Intermediate above $72. The US has followed...

WTI Crude Oil Closes Higher After Iran Seizes a Tanker in the Gulf of Oman

Friday, 12 January 2024 09:57 WIB | Oil

West Texas Intermediate (WTI) crude oil closed higher on Thursday as geopolitical worries over potential Middle East supply disruptions after Iran seized a tanker in the Gulf of Oman, though demand concerns continue. WTI crude for February delivery closed up US$0.65 to settle at US$72.02 per...

WTI Crude Oil Closes Higher as Middle East Tensions Remain High

Saturday, 6 January 2024 09:52 WIB | Oil

West Texas Intermediate (WTI) crude oil closed higher on Friday as turmoil and war in the Middle East offset demand concerns following a big rise in US product inventories. WTI crude oil for February delivery closed up US$1.62 to settle at US$73.81 per barrel, while March Brent crude, the global...

Crude Futures Settle Lower

Friday, 5 January 2024 10:02 WIB | Oil

Oil prices fell on Thursday. The West Texas Intermediate for February delivery dropped 51 cents, or 0.7 percent, to settle at 72.19 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for March delivery decreased by 66 cents, or 0.84 percent, to settle at 77.59 dollars a...

Oil Prices Finish Higher After Deadly Blasts In Iran

Thursday, 4 January 2024 09:58 WIB | Oil

Oil futures settled higher Wednesday after reports of fatalities following explosions at a ceremony held to mark the four-year death anniversary of an Iranian military officer. Oil prices also found support on the back of reports that Libya’s largest oilfield has been shut down due to...

Oil Prices Fall As Traders Monitor Rising Tensions In Red Sea

Wednesday, 3 January 2024 09:59 WIB | Oil

Oil prices fell Tuesday as traders monitored rising tensions in the Red Sea amid a backdrop of record U.S. crude production and worries about demand in China. The West Texas Intermediate contract for February lost $1.27, or 1.77%, to settle at $70.38 a barrel. The Brent contract for March shed...

Oil Holds Large Weekly Climb With Red Sea Tensions to the Fore

Tuesday, 26 December 2023 17:26 WIB | Oil

Oil steadied after posting the largest weekly climb in more than two months, with shipping disruptions in the Red Sea in focus after a spate of Houthi attacks against vessels in the vital waterway. Global benchmark Brent traded above $79 a barrel after rallying by more than 3% last...

Oil Holds Large Weekly Climb With Red Sea Tensions to the Fore

Tuesday, 26 December 2023 14:51 WIB | Oil

Oil steadied after posting the largest weekly advance in more than two months, with shipping disruptions in the Red Sea in focus after a spate of Houthi attacks against vessels in the vital waterway. West Texas Intermediate traded near $74 a barrel, after rallying by 3% in the prior week,...

Oil Rises On Red Sea Jitters, Ample Supply Weighs

Tuesday, 19 December 2023 02:03 WIB | Oil

Oil rose on Monday as attacks by the Houthis on ships in the Red Sea raised concerns of oil supply disruptions, although scepticism around Russia's plan to cut exports in December limited gains. BP has temporarily paused all transits through the Red Sea, it said on Monday, following attacks over...

Oil Set for First Weekly Gain Since October on Fed Relief Rally

Friday, 15 December 2023 20:04 WIB | Oil

Oil was poised to eke out its first weekly gain in almost two months after dovish signals from the Federal Reserve on Wednesday unleashed a bullish pulse across markets. Global benchmark Brent traded near $77 a barrel after rising more than 4% in the prior two sessions, with West Texas...

Oil Set for First Weekly Gain Since October on Fed Relief Rally

Friday, 15 December 2023 14:14 WIB | Oil

Oil was poised to eke out its first weekly gain in almost two months after dovish signals from the Federal Reserve on Wednesday unleashed a bullish pulse across markets. West Texas Intermediate traded below $72 a barrel after rising more than 4% in the previous two sessions, with global...

Oil Rises From Five-Month Low on Fed Pivot, Inventory Drawdown

Thursday, 14 December 2023 17:03 WIB | Oil

Oil advanced from a five-month low on positive demand signals including a drop in US inventories and signs the Federal Reserve is preparing to cut interest rates. West Texas Intermediate rose toward $70 a barrel, after climbing 1.3% on Wednesday from its lowest since late June. Global...

Oil Advances From Lowest Since June After US Stockpile Drawdown

Thursday, 14 December 2023 14:17 WIB | Oil

Oil advanced from a five-month low on positive demand signals including a drop in US inventories and signs that the Federal Reserve has finished hiking interest rates. West Texas Intermediate rose toward $70 a barrel, after rebounding 1.3% on Wednesday from its lowest since end-June. Global...

Oil Prices Hit 5-Mth Low Before The Fed; US Inventories Offer Little Cheer

Wednesday, 13 December 2023 16:17 WIB | Oil

Oil prices fell further in Asian trade on Wednesday, hitting five month lows as traders hunkered down before the final Federal Reserve meeting for the year, while signs of a draw in U.S. inventories offered little support. Concerns over weaker demand, looser supplies and higher-for-longer...

Oil Steadies After Tumbling Almost 4% on More Oversupply Signs

Wednesday, 13 December 2023 14:25 WIB | Oil

Oil steadied in Asia after tumbling almost 4% on Tuesday as rising production from Russia and the US added to concerns the market is becoming oversupplied. West Texas Intermediate traded below $69 a barrel, while global benchmark Brent was near $73. The weekly average...

Oil Edges Higher After Tanker Struck by Missile in Red Sea

Tuesday, 12 December 2023 19:15 WIB | Oil

Oil edged higher as an attack on a tanker in the Red Sea raised fears of disruptions to shipping due to the Israel-Hamas war. Global benchmark Brent traded above $76 a barrel after a vessel was struck by a missile from Houthi-controlled territory in Yemen, the US military...

Oil Steady Near Lowest Since June With Oversupply Fears in Focus

Tuesday, 12 December 2023 14:09 WIB | Oil

Oil was steady near a five-month low with oversupply concerns in focus after OPEC+’s pledges to extend and deepen output cuts failed to halt a slump in prices. West Texas Intermediate traded above $71 a barrel, while global benchmark Brent was near $76. Skepticism that alliance members will...

Oil Extends Gains On US Strategic Reserve Purchase

Monday, 11 December 2023 16:58 WIB | Oil

Oil prices inched higher on Monday, extending gains for a second session as U.S. efforts to replenish strategic reserves provided some support, although concerns of crude oversupply and softer fuel demand growth next year lingered. Brent crude futures rose 11 cents, or 0.2%, to $75.95 a barrel by...

Oil Steadies After Glut Fears Drove Worst Losing Run Since 2018

Monday, 11 December 2023 14:07 WIB | Oil

Oil was steady after its longest weekly losing streak in five years that’s been driven by signs supply is starting to run ahead of demand. Brent traded below $76 a barrel, after logging seven weeks of declines, while West Texas Intermediate was near $71. A US plan to refill the Strategic...

Brent Retreats Ahead Of OPEC+ Oil Production Decision

Friday, 24 November 2023 22:22 WIB | Oil

Brent crude futures edged down on Friday, extending losses from the previous session, as traders speculated on whether OPEC+ would come to an agreement on further production cuts. Brent crude futures inched down by 6 cents, or 0.07%, to $81.36 at 0400 GMT, after settling down 0.7% in the previous...

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BRENT

Oil Declines as Tough Outlook Overshadows Middle East Tensions

WTI Crude Oil Closes Higher After Iran Seizes a Tanker in the Gulf of Oman

WTI Crude Oil Closes Higher as Middle East Tensions Remain High

Crude Futures Settle Lower

Oil Prices Finish Higher After Deadly Blasts In Iran

Oil Prices Fall As Traders Monitor Rising Tensions In Red Sea

Oil Holds Large Weekly Climb With Red Sea Tensions to the Fore

Oil Holds Large Weekly Climb With Red Sea Tensions to the Fore

Oil Rises On Red Sea Jitters, Ample Supply Weighs

Oil Set for First Weekly Gain Since October on Fed Relief Rally

Oil Set for First Weekly Gain Since October on Fed Relief Rally

Oil Rises From Five-Month Low on Fed Pivot, Inventory Drawdown

Oil Advances From Lowest Since June After US Stockpile Drawdown

Oil Prices Hit 5-Mth Low Before The Fed; US Inventories Offer Little Cheer

Oil Steadies After Tumbling Almost 4% on More Oversupply Signs

Oil Edges Higher After Tanker Struck by Missile in Red Sea

Oil Steady Near Lowest Since June With Oversupply Fears in Focus

Oil Extends Gains On US Strategic Reserve Purchase

Oil Steadies After Glut Fears Drove Worst Losing Run Since 2018

Brent Retreats Ahead Of OPEC+ Oil Production Decision

Powell Fed: Kebijakan Restriktif Perlu Waktu Lebih Lama untuk Diterapkan

Konstruksi Rumah Baru di AS Turun ke Level Terendah Sejak Agustus

S&P 500 Ditutup Lebih Rendah, Dow Menghentikan Penurunan 6 Hari Beruntun

Market Review, Rabu 17 April 2024