U.S. benchmark crude oil, or WTI, traded around $70.85 last Friday. WTI prices rose after hitting a six-month low due to requests from Russia and Saudi Arabia to the Organization of the Petroleum Expo
Crude Oil Prices Stable at $80 Per Barrel
HaryantoTue, 22 Aug 2023
Jakarta, GIC Trade – WTI crude oil futures are stable around $80 per barrel in Tuesday's trading after a decline in the previous session, as traders continue to assess various demand and su
WTI Stagnant Around $71.00 on Concerns Over Oil Supply
WitriyaniTue, 20 Jun 2023
WTI oil prices retreated to intraday lows around $71.00 as negative sentiment contributed to weak demand in Europe on Tuesday morning. Hence, oil prices were also less affected by the possible supply
World Oil Prices Drop Today Ahead of US Inflation Data
WitriyaniTue, 09 May 2023
At the start of trading, world oil fell today after experiencing a strong increase during the previous two sessions. This happened because the market was still cautious and waiting for the US inflatio
China's Crude Oil Imports Dropped 1.3%, What's the Reason?
HaryantoFri, 10 Mar 2023
Global crude oil prices experienced corrections in the previous two sessions due to disappointing Chinese economic data. However, today, global crude oil prices strengthened again after hawkish commen
China Opens Borders, Oil Prices Rebound
AdministratorTue, 10 Jan 2023
Jakarta, GIC Trade – Crude oil prices rose 1 percent in trading on Monday, after China, one of the world's biggest consumers, opened its borders over the weekend for the first time in three
Global Crude Oil Strengthens To $76.00 As Dollar Bullish
WitriyaniWed, 21 Dec 2022
World crude oil prices today - WTI crude oil buyers are jostling during a three-day uptrend on Wednesday morning as they face a major near-term hurdle around $76.50. Thus, the black gold prices a
Asian Stock Markets Mixed, What About Oil Due to China COVID?
Wachda MihmiiTue, 15 Nov 2022
Asian stocks were mixed on Tuesday and oil fell as investors tried to digest the economic implications of China’s COVID policy adjustments and a rescue package for the country’s struggling
World Oil Prices Rise! China Tightens Supply Again!
Wachda MihmiiMon, 14 Nov 2022
Oil prices rose on Monday as markets bet that China’s easing of COVID-19 measures would eventually boost demand for the country’s crude, while curbs on Russian oil shipments also appeared
Crude Oil Below Highs, Market Weighs Demand
Wachda MihmiiTue, 08 Nov 2022
Crude oil prices hovered below a two-month high on Tuesday as the market weighed mixed demand signals from top importer China, although a weaker dollar, amid expectations of a less hawkish Federal Res
Oil Falls as Weak China PMI Raises Demand Concerns
Wachda MihmiiMon, 31 Oct 2022
Oil prices fell on Monday (10/31/2022), after weaker-than-expected Chinese business activity data raised fresh concerns about slowing crude demand, although expectations of tighter supplies in the com
Oil Slumps on US Inventory Build, Saudi Limits Losses
Wachda MihmiiWed, 26 Oct 2022
Oil prices fell on Wednesday, (10/26/2022) after data showed that U.S. crude inventories grew more than expected last week, although signs of strong gasoline demand and warnings about tighter supplies
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