Wednesday, 23 August 2023 21:53 WIB | Oil
Oil prices dropped on Wednesday, as traders were cautious ahead of potentially gloomy manufacturing data and an annual meeting at Jackson Hole, where heavy-hitter central bankers including from the United States will talk interest rates.
Brent crude was down 51 cents to $83.52 a barrel at 0738...
Wednesday, 23 August 2023 08:30 WIB | Oil
Oil futures settled lower for a second session on Tuesday, “having fluctuated quite a lot so far this month, only to trade slightly below where it started,†said Craig Erlam, senior market analyst at OANDA.
“There’s always been a risk of U.S. rates remaining higher for longer, while...
Wednesday, 23 August 2023 01:44 WIB | Oil
Oil futures edged lower early Tuesday, unable to shake worries about China’s economic outlook and the implications for demand from the world’s second-largest crude consumer.
West Texas Intermediate crude for September delivery fell 18 cents, or 0.2%, to $80.54 a barrel on the New York...
Tuesday, 22 August 2023 08:26 WIB | Oil
Oil futures settled lower on Monday, after posting gains in the past two trading sessions. “Demand concerns continue to limit total upside and have the market hesitant†to push far above the $80 a barrel mark, said Robbie Fraser, an analyst at Schneider Electric.
West Texas Intermediate crude...
Saturday, 19 August 2023 08:33 WIB | Oil
U.S. oil futures settled higher on Friday, but prices based on the front-month contract lost more than 2% for the week, according to Dow Jones Market Data.
“There continues to be a battle royale between supply and demand, with OPEC+ cutting production, led by Saudi Arabia, while Chinese...
Saturday, 19 August 2023 01:45 WIB | Oil
Oil futures edged lower Friday, on track to snap a run of seven straight weekly gains as worries about Chinese demand, rising bond yields and a stronger dollar take a toll.
West Texas Intermediate crude for September delivery fell 28 cents, or 0.3%, to $80.11 a barrel on the New York Mercantile...