Oil prices rose slightly on Friday, posting a second straight weekly gain, as strong demand led to a larger-than-expected draw in U.S. crude stockpiles, offsetting concerns about higher U.S. interest
Oil Prices Hold at 1-Month High Ahead of US CPI Data
WitriyaniWed, 12 Apr 2023
In today's import exports, world crude oil prices experienced little movement for the Asian session. Holding near a one-month high as the market awaits the latest cues from US inflation data to be ann
Global Oil Prices Drop as US Delays Replenishment of Reserves
WitriyaniFri, 24 Mar 2023
Global oil prices fell on Friday in Asian trade due to comments by US Energy Secretary Jennifer Granholm who said it would be difficult to quickly replenish the country's Strategic Petroleum Reserve (
Down Again! Oil Prices Slump to Lowest Level, Here's the Cause
HaryantoFri, 17 Mar 2023
World oil prices fell again in trading last Thursday, and reached the lowest level in the last 16 months. This happened because market sentiment remained fragile despite good news regarding Credit Sui
Oil Prices Drop, Silicon Valley Bank Shakes Equity Markets
HaryantoWed, 15 Mar 2023
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
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
Oil Prices Rise After UAE Drops OPEC Exit Plan
HaryantoMon, 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 ...
HaryantoFri, 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, Demand Threatened by Inflation: What to Know?
HaryantoThu, 23 Feb 2023
Global oil prices fell $2 a barrel, hitting a two-week low, on concerns that recent economic data could lead to more aggressive interest rate hikes by central banks, which would ultimately hurt econom
Oil Prices Post Weekly Decline as COVID-19 Surge
Wachda MihmiiFri, 14 Oct 2022
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
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