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world oil today

Strong Demand Triggers Rapid Oil Price Rise!

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Witriyani Fri, 07 Jul 2023

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

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Witriyani Wed, 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

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Witriyani Fri, 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

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Haryanto Fri, 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

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Haryanto Wed, 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?

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Haryanto Fri, 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

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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, Demand Threatened by Inflation: What to Know?

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Haryanto Thu, 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

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Wachda Mihmii Fri, 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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