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US Presidents' Day: Global Oil Prices Plunge Near $77.80 Per Barr...

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Witriyani Mon, 19 Feb 2024

Global oil prices per barrel have recently declined, possibly due to technical corrections and weak trading caused by Presidents' Day holiday in the United States. WTI prices reached around $77.80 per

Bad News! Oil Prices Plunge on Weak China Import Data

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Haryanto Wed, 08 Mar 2023

Oil Prices Continue to Weaken on Stronger U.S. Dollar, Contraction in China Imports and Exports   Global oil prices declined after five days of steady gains on a stronger U.S. dollar and weak

Oil Prices Rise After UAE Drops OPEC Exit Plan

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Haryanto Mon, 06 Mar 2023

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

Interesting Fact: Why Do Oil Prices Rise But Inflation Remains a ...

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Haryanto Fri, 03 Mar 2023

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

Oil Prices Drop on Global Economic Concerns

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Haryanto Tue, 28 Feb 2023

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 Rise More Than Half Percent

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Administrator Fri, 13 Jan 2023

Jakarta, GIC Trade – World crude oil prices in trading on Friday, January 13, 2023, rose again by 0.5 percent after previously rising by around $1 per barrel on Thursday amid optimism over

Oil Prices Surge Driven by China's Quarantine Policy & U.S. Snows...

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Haryanto Tue, 27 Dec 2022

Jakarta, GIC Trade – Crude oil prices in the Asian session were observed to rise to a three-week high after China took covid-related policy measures and cold weather across the U.S. prompte

WTI Crude Oil Returns Bearish & Loses 14,000 Barrels

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Witriyani Mon, 12 Dec 2022

WTI Crude Oil News Today - West Texas Intermediate (WTI) today moved higher by 0.57% after moving between lows of $71.47 and $72.30. The new low for 2022 was set on Friday due to supply concerns

Asian Stock Markets, Global Crude Oil Prices Weaken Due to Lockdo...

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Wachda Mihmii Mon, 05 Dec 2022

Asian stock markets have shown mixed responses as risk appetite turns cautious ahead of the US ISM PMI. S&P500 futures have turned subdued on hawkish comments, Fed policymakers said the target on

World Oil Prices Rise! China Tightens Supply Again!

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Wachda Mihmii Mon, 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

Oil Slumps on US Inventory Build, Saudi Limits Losses

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Wachda Mihmii Wed, 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

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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