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Oil Futures Settle Higher as Saudi Arabia Pledges to do What's Necessary to Support the Market

Thursday, 6 July 2023 08:45 WIB | Oil

Oil futures settle higher on Wednesday, as reported comments from Saudi Arabia at an Organization of the Petroleum Exporting Countries seminar raised the potential for tighter crude supplies. Saudi Energy Minister Prince Abdulaziz bin Salman said that OPEC and its allies would do "whatever...

Oil Erases Drop as Traders Weigh Up Latest Gambit From OPEC+

Thursday, 6 July 2023 02:15 WIB | Energy

Oil steadied after rallying more than 2% Tuesday on Saudi Arabian and Russian production cuts. Global benchmark Brent erased an earlier drop to trade above $76 a barrel. The two OPEC+ linchpins announced their latest batch of curbs on Monday, with a supply-cut extension by Riyadh...

Oil Resumes Retreat as Traders Take Stock of OPEC+ Supply Curbs

Wednesday, 5 July 2023 19:05 WIB | Oil

Oil weakened after rallying more than 2% Tuesday on Saudi Arabian and Russian output cuts, with traders waiting for potentially important commentary from Saudi Energy Minister Prince Abdulaziz bin Salman. Global benchmark Brent dropped back below $76 a barrel following the gain in the...

Oil Holds Advance as Traders Take Stock of OPEC+ Supply Curbs

Wednesday, 5 July 2023 14:40 WIB | Oil

Oil steadied in Asia after rising more than 2% Tuesday on Saudi Arabian and Russian output cuts, with traders waiting for commentary from Saudi Energy Minister Prince Abdulaziz bin Salman. Global benchmark Brent was little changed above $76 a barrel after rising in a low-volume session...

Oil Edges Higher After Saudi Arabia and Russia Curb Supplies

Tuesday, 4 July 2023 14:20 WIB | Oil

Oil rose modestly as traders assessed the latest salvo from OPEC+ kingpins Saudi Arabia and Russia to prop up prices by curbing supply. West Texas Intermediate edged above $70 a barrel, clawing back some of the 1.2% loss in the previous session even as the cuts were announced. Saudi...

Oil Falls in Thin Trading Despite Saudi Pledge to Extend Cuts

Tuesday, 4 July 2023 08:54 WIB | Oil

Oil edged lower, erasing short-lived gains stemming from Saudi Arabiaâ€™s pledge to extend its voluntary output cuts by another month. West Texas Intermediate settled below $70 a barrel in a low-volume session, slipping after data showed US factory activity shrunk by the most in...

Oil Rallies on Saudi and Russian Supply Cuts for August

Tuesday, 4 July 2023 01:19 WIB | Oil

Oil rose on Monday after top exporters Saudi Arabia and Russia announced supply cuts for August, overshadowing concern over a global economic slowdown and the potential for further increases to U.S. interest rates. Saudi Arabia on Monday said it would extend its voluntary cut of one million...

Oil futures end the session and month higher, but fall for the quarter

Saturday, 1 July 2023 08:50 WIB | Oil

Oil futures settled higher on Friday, posting a gain for the month but a loss for the quarter. Crude prices have found support from the OPEC+ deal and voluntary production cuts made by several members to support the market, including Saudi Arabia, said Fawad Razaqzada, market analyst at StoneX....

Brent Oil Set for Record Run of Quarterly Losses as Demand Lags

Friday, 30 June 2023 18:27 WIB | Oil

Brent oil was on track for its worst run of quarterly losses in data going back more than three decades as persistent concerns over the demand outlook weighed on prices. Futures in London traded above $74 a barrel, down for a fourth quarter, while West Texas Intermediate was heading for its...

Oil Heads for First Back-to-Back Quarterly Decline Since 2019

Friday, 30 June 2023 13:44 WIB | Oil

Oil was on track for its first back-to-back quarterly loss since 2019 as persistent concerns over the demand outlook weigh on prices. West Texas Intermediate futures traded below $70 a barrel after closing 0.4% higher in the previous session. The market has faced a raft of headwinds over the...

Oil steadies after spiking on U.S. inventory fall

Friday, 30 June 2023 01:18 WIB | Oil

Oil prices steadied on Thursday, a day after rising sharply on a bigger-than-expected fall in U.S. inventories, as attention shifted back to rising interest rates denting global economic growth. Brent crude futures was up 10 cents, or 0.1%, to $74.13 a barrel by 1032 GMT. U.S. West Texas...

Oil Steadies After Big Drop in US Stockpiles Boosts Optimism

Thursday, 29 June 2023 18:22 WIB | Oil

Oil steadied in Asia after a big decline in US crude stockpiles provided some optimism for a market weighed down by demand concerns. West Texas Intermediate traded near $69 a barrel after closing 2.8% higher in the previous session. Crude inventories shrunk by 9.6 million barrels...

Oil Steadies After Big Drop in US Stockpiles Boosts Optimism

Thursday, 29 June 2023 14:57 WIB | Oil

Oil steadied in Asia after a big decline in US crude stockpiles provided some optimism for a market weighed down by demand concerns. West Texas Intermediate traded above $69 a barrel after closing 2.8% higher in the previous session. Crude inventories shrunk by 9.6 million barrels...

Oil futures settle higher after U.S. data show a weekly drop in supplies

Thursday, 29 June 2023 08:39 WIB | Oil

Oil futures finished higher on Wednesday after the Energy Information Administration reported that U.S. crude supplies fell by nearly 10 million barrels for the week ended June 23. â€œThere are relatively few positive drivers for oil at the current time,â€ including the 9.6 million-barrel weekly...

Oil Ticks Up as Drop in U.S. Crude and Gasoline Stocks Exceeds View

Wednesday, 28 June 2023 16:42 WIB | Oil

Oil prices edged higher on Wednesday as markets worried about supply tightness in the U.S., the worldâ€™s biggest oil consumer, after data showed a larger-than-expected draw in its crude and gasoline inventories. Brent crude futures rose 32 cents, or 0.4%, to $72.58 a barrel at 0002 GMT, while...

Oil Steadies as Concerns Over Demand Outlook Hang Over Market

Wednesday, 28 June 2023 13:35 WIB | Oil

Oil steadied in Asia as investors weighed the outlook for monetary policy and a mixed industry report on US crude stockpiles. West Texas Intermediate futures traded near $68 a barrel after closing 2.4% lower in the previous session. The European Central Bank said on Tuesday that it probably...

WTI Oil Ends at a 2-Week Low on Economic Weakness

Wednesday, 28 June 2023 08:49 WIB | Oil

US crude futures finish down 2.4% at $67.70 a barrel, the lowest closing price since June 12. "The market appears to have quickly discounted any meaningful supply risk tied to the short-lived uprising by Russian paramilitary forces over the weekend," says Schneider Electric's Robbie Fraser, in a...

Oil Edges Higher After Choppy Session Sparked by Russian Turmoil

Tuesday, 27 June 2023 16:21 WIB | Oil

Oil edged higher on Tuesday after a choppy session following a short-lived armed uprising in Russia, a major OPEC+ producer. West Texas Intermediate futures climbed toward $70 a barrel after closing 0.3% higher on Monday. While the dramatic events in Russia over the weekend came to...

Oil Steadies With Russian Instability Giving Way to Growth Fears

Tuesday, 27 June 2023 13:42 WIB | Oil

Oil steadied as jitters from the short-lived armed uprising in Russia gave way to persistent concerns over the demand outlook. West Texas Intermediate traded above $69 a barrel after a choppy session on Monday following the attempted mutiny over the weekend. Focus is returning to...

WTI Oil Ends Slightly Higher But Stays Below $70

Tuesday, 27 June 2023 08:41 WIB | Oil

US crude futures finish a marginal 0.3% higher at $69.37 a barrel in a market that has avoided any major sell-offs over the past few months, but has also been unable to notch any sustained rallies. "Oil prices continue to be dampened by concerns about future rate hikes by central bankers and the...

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MINYAK WTI

Oil Futures Settle Higher as Saudi Arabia Pledges to do What's Necessary to Support the Market

Oil Erases Drop as Traders Weigh Up Latest Gambit From OPEC+

Oil Resumes Retreat as Traders Take Stock of OPEC+ Supply Curbs

Oil Holds Advance as Traders Take Stock of OPEC+ Supply Curbs

Oil Edges Higher After Saudi Arabia and Russia Curb Supplies

Oil Falls in Thin Trading Despite Saudi Pledge to Extend Cuts

Oil Rallies on Saudi and Russian Supply Cuts for August

Oil futures end the session and month higher, but fall for the quarter

Brent Oil Set for Record Run of Quarterly Losses as Demand Lags

Oil Heads for First Back-to-Back Quarterly Decline Since 2019

Oil steadies after spiking on U.S. inventory fall

Oil Steadies After Big Drop in US Stockpiles Boosts Optimism

Oil Steadies After Big Drop in US Stockpiles Boosts Optimism

Oil futures settle higher after U.S. data show a weekly drop in supplies

Oil Ticks Up as Drop in U.S. Crude and Gasoline Stocks Exceeds View

Oil Steadies as Concerns Over Demand Outlook Hang Over Market

WTI Oil Ends at a 2-Week Low on Economic Weakness

Oil Edges Higher After Choppy Session Sparked by Russian Turmoil

Oil Steadies With Russian Instability Giving Way to Growth Fears

WTI Oil Ends Slightly Higher But Stays Below $70

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