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Oil surges as reports of Israeli strike on Iran roil markets

Friday, 19 April 2024 22:10 WIB | Oil

Oil prices jumped on Friday as reports that Israel had attacked Iran roiled markets and sparked concerns that Middle East oil supply could be disrupted. The benchmark contracts surged more than $3 before easing slightly. At 0615 GMT, Brent futures were up $1.40, or 1.61%, at $88.51 a barrel. The...

Oil stabilises after sharp drop on demand concerns, easing of Middle East tension

Thursday, 18 April 2024 22:28 WIB | Oil

Oil prices were little changed after a 3% drop in the previous session as the market remains concerned about demand this year and on signs that a wider conflict in the key Middle East producing region could be avoided. Brent futures were up 13 cents, or 0.15%, at $87.42 a barrel, while U.S. West...

Oil prices dip as demand worries outweigh Mideast supply fears

Wednesday, 17 April 2024 23:30 WIB | Oil

Oil prices extended losses on Wednesday as worries about global demand due to weak economic momentum in China and a likely rise in U.S. commercial stockpiles outweighed supply fears from heightened tensions in the Middle East. Brent futures for June fell 40 cents, or 0.44%, to $89.62 a barrel by...

Oil prices rise on China growth, Middle East tensions

Tuesday, 16 April 2024 21:50 WIB | Oil

Oil prices rose on Tuesday after data showed China's economy grew faster than expected, while heightened tensions in the Middle East also kept markets on edge after Israel said it would respond to Iran's weekend missile and drone attack. Brent futures for June delivery rose 20 cents, or 0.2%, to...

Oil slips as risk premium eases after Iran attack

Tuesday, 16 April 2024 01:43 WIB | Oil

Oil prices drifted lower on Monday, with the market downplaying the risk of broader regional conflagration after Iran's weekend attack on Israel. Brent futures for June delivery fell 70 cents, or about 0.8%, to $89.75 a barrel by 1133 GMT while West Texas Intermediate (WTI) futures for May...

Oil Resumes Gain as Israel Prepares for Potential Iran Attack

Friday, 12 April 2024 14:37 WIB | Oil

Oil resumed gains as Israel braced for a potential strike by Iran or its proxies, and traders looked ahead to an International Energy Agency report on the supply and demand outlook. Brent futures rose above $90 a barrel after closing 0.8% lower in the previous session. West Texas...

Oil prices stay near six-month highs on Mideast tensions

Thursday, 11 April 2024 23:54 WIB | Oil

Oil prices were steady near six-month highs on Thursday after rising by a dollar a barrel in the prior session as investors braced for a potential attack on Israeli interests by Iran, OPEC's third-largest oil producer. Brent crude futures were up 27 cents or 0.3% to $90.75 a barrel at 0632 GMT,...

Oil rises as Middle East worries offset US crude stock buildup

Wednesday, 10 April 2024 22:35 WIB | Oil

Oil prices rose on Wednesday after two straight days of losses, as the deadlock in Gaza ceasefire talks renewed uncertainty about the security of supplies from the Middle East, offsetting a bigger-than-expected build in U.S. crude inventories. Brent crude futures were up 25 cents at $89.67 per...

Oil prices fall after Israel reduces troop presence in Gaza

Tuesday, 9 April 2024 20:15 WIB | Oil

U.S. crude oil futures fell Monday after Israel reduced its troop presence in Gaza. The West Texas Intermediate contract for May delivery fell 48 cents, or 0.55%, to settle at $86.43 a barrel. The June Brent contract lost 79 cents, or 0.87%, to settle at $90.38 a barrel. Israel withdrew forces...

Oil Climbs Near Five-Month High as Traders Focus on Middle East

Tuesday, 9 April 2024 14:26 WIB | Oil

Oil traded near a five-month high as investors weighed simmering tensions in the Middle East and persistent supply concerns. Brent futures edged above $90 a barrel after closing 0.9% lower on Monday, the first decline in five sessions. West Texas Intermediate was below $87. Israeli officials...

Oil slides more than 1% as Middle East tensions ease

Monday, 8 April 2024 18:51 WIB | Oil

Oil prices slid more than $1 a barrel on Monday, with Brent falling below $90, as Middle East tensions eased after Israel withdrew more soldiers from southern Gaza and committed to fresh talks on a potential ceasefire in the six-month conflict. Brent crude futures dropped $1.42, or 1.6%, to...

Oil prices lost ground as Mideast geopolitical tension eases

Monday, 8 April 2024 13:37 WIB | Oil

Oil prices slipped 1% in early Asian trade on Monday as tensions in the Middle East eased after Israel withdrew more soldiers from southern Gaza and committed to fresh talks on a potential ceasefire in the six-month conflict. Brent crude futures dropped 94 cents, or 1%, to $90.23 a barrel by 2253...

WTI Oil Rises on Tight Supply, Geopolitical Concerns and a US Economy that Continues to Run Hot

Saturday, 6 April 2024 08:51 WIB | Oil

West Texas Intermediate (WTI) crude oil closed higher on Friday, rising to a fresh five-month high as supplies lag demand with OPEC+ cuts continuing, while geopolitical risk is rising on the threat of a wider Middle East war and the United States added far more new jobs than expected last...

WTI Crude Oil Closes at a Five Month High Following OPEC+ Meeting,

Friday, 5 April 2024 08:37 WIB | Oil

West Texas Intermediate (WTI) crude oil rose to the highest levels in more than five months on Thursday, as OPEC+ kept its production quotas unchanged at a Wednesday meeting. WTI crude oil for May delivery closed up US$1.16 to settle at US$86.59 per barrel, rising sharply in the final hour of...

WTI Crude Oil Closed at Highest Level in More than Five Months, But Off Day Highs As US Inventories Unexpectedly Rose

Thursday, 4 April 2024 08:39 WIB | Oil

West Texas Intermediate (WTI) crude oil closed at its highest level in more than five months on Wednesday, but gave up some early gains after a report showed an unexpected rise in US oil inventories. WTI crude for May delivery closed up US$0.28 to settle at US$85.43, the highest since late...

WTI Closes at Highest Since October on Tight Supply and Fears of a Wider Middle East War

Wednesday, 3 April 2024 08:30 WIB | Oil

West Texas Intermediate (WTI) crude oil rose to the highest in more than five months on Tuesday as supply remains tight amid signs of rising demand and geopolitical turmoil. WTI crude for May delivery closed up US$1.44 to settle at US$85.14 per barrel, the highest since late October, while June...

Oil Edges Down Despite Positive Economic Data From China

Tuesday, 2 April 2024 09:01 WIB | Oil

West Texas Intermediate (WTI) crude oil closed higher on Mondayon positive demand signals from China and tight supply. WTI crude for May delivery closed up US$0.54 to settle at US$83.71 per barrel, while June Brent crude, the global benchmark, was last seen up US$0.52 to US$87.52. The rise comes...

WTI Crude Oil Closes Higher as Supplies Remain Tight on OPEC+ Cuts, Cutting Into Inventories

Friday, 29 March 2024 08:34 WIB | Oil

West Texas Intermediate (WTI) crude oil closed higher on Thursday following two losing sessions on expectations global inventories will continue to wane through the second quarter on OPEC+ production cuts and Ukrainian attacks on Russian refineries. WTI crude oil for May delivery closed up...

WTI Crude Oil Closes Lower as a Report Shows US Oil Inventories Rose Last Week, But not as Much as Feared

Thursday, 28 March 2024 08:41 WIB | Oil

West Texas Intermediate (WTI) fell again on Wednesday after the Energy Information Administration said US oil inventories unexpectedly rose last week, but less than an private report released a day earlier reported. WTI crude oil for May delivery closed down US$0.27 to settle at US$81.35 per...

WTI Crude Oil Edges Down Ahead of Fresh Inventory Data

Wednesday, 27 March 2024 08:33 WIB | Oil

West Texas Intermediate (WTI) crude oil closed lower on Tuesday as fresh US inventory data is awaited. WTI crude oil for May delivery closed down US$0.33 to settle at US$81.62 per barrel, while May Brent crude, the global benchmark, was last seen down US$0.58 to US$86.17. Prices have slipped off...

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