oil price

Jakarta, GIC Trade – WTI crude futures were slightly higher above $71 a barrel on Tuesday, as investors assessed the demand and supply outlook.   Earlier in Monday's trading, oil pri

Jakarta, GIC Trade – In the latest oil market report published on Friday, the International Energy Agency (IEA) said that "OPEC+ supply cuts risk exacerbating the expected oil supply defici

Oil prices fell more than $2 a barrel on Tuesday, extending the previous day's decline, as the collapse of Silicon Valley Bank rattled equity markets and stoked fears of a new financial crisis. Bre

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

Oil prices have fallen in recent days and continued their decline on Tuesday, amid concerns that more aggressive U.S. interest rate hikes will hurt demand.In this article, we will discuss why oil pric

Global oil prices have recovered after an earlier slump caused by incorrect media reports that the United Arab Emirates would leave the Organization of Petroleum Exporting Countries (OPEC). However, a

Crude oil continued its rally on Thursday on signs of a strong economic recovery in China, but inflation concerns kept prices from rising further. Here are the latest facts and figures you need to kno

Global oil prices slipped on concerns about the negative impact of the worsening global economic situation. Despite the price decline, it remained under control due to concerns about future oil suppli

Oil prices rose on Friday but were set to end the week lower as a surge in COVID cases in China fueled concerns about slowing demand, while the U.S. posted a bigger-than-expected build in crude invent