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Middle East War Causes Panic, WTI Oil Prices Rise!

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Witriyani Thu, 04 Jan 2024

WTI oil prices rose to nearly $73.00 per barrel during the Asian session last Thursday due to tensions between Israel and Gaza and disruptions in Libyan oil fields. This increase was triggered by the

China Triggers WTI Oil Price Surge, Soaring Above $81.00!

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Witriyani Mon, 21 Aug 2023

WTI, or Western Texas Intermediate, the U.S. benchmark crude oil, traded around $81.02 on Monday, experiencing moderate gains for three consecutive days.   However, the upward price trend for W

Global Oil Prices Weak! OPEC-Driven Rally Fails?

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Witriyani Tue, 06 Jun 2023

Oil prices eased in Asia on Tuesday as early optimism over further supply cuts from Saudi Arabia and OPEC was largely overshadowed by ongoing concerns about slowing economic growth and falling demand.

Oil Prices Soar Today Awaiting China's Trade Data

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Witriyani Tue, 07 Mar 2023

Oil prices surged to multi-week highs on Tuesday as markets awaited trade data from China to gauge the strength of crude demand in the country, although anticipation of Fed Chair Jerome Powell's testi

Oil Prices Today Rise to $76.45 Per Barrel

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Witriyani Mon, 27 Feb 2023

Oil prices move little in anticipation of more China signals Oil prices are being held tight today amid concerns about high inflation and Fed rate hikes. Meanwhile, traders await more demand cues f

Oil Prices Weaken, Raising Fears of Economic Slowdown

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Wachda Mihmii Tue, 18 Oct 2022

Oil prices weakened on Tuesday (18/10/2022) as the market weighed signs of tightening crude supplies against growing concerns that a global economic slowdown will erode demand for crude this year. Th

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