As Libya’s largest oil field recently resumed production, international oil prices fell on Tuesday (23rd), falling from a nearly one-month high at the previous day’s closing price. Traders continued to focus on ongoing tensions in the Middle East and oil production disruptions in the U.S. state of North Dakota due to weather-related issues. energy commodity … Read more
International oil prices rose on Monday (19th), reaching the highest level in about a month, as rising U.S. stocks boosted the outlook for the economy and energy demand, while global supply continued to face risks. energy commodity prices West Texas Intermediate (WTI) crude oil futures for February delivery rose $1.78, or 2.4%, to close at … Read more
As conflicts in the Middle East intensified, international oil prices closed higher on Wednesday (3rd). According to news reports, an explosion occurred during a ceremony commemorating the fourth anniversary of the death of an Iranian military officer, causing many casualties. In addition, news reports pointed out that Libya’s largest oil field was closed due to … Read more
International oil prices fell back from their December highs on Wednesday (27th), with investors continuing to pay attention to the development of the situation in the Red Sea and worrying about the possibility of interruptions in crude oil transportation. energy commodity prices West Texas Intermediate (WTI) crude oil futures for February delivery fell $1.46, or … Read more
International oil prices hit their highest level this month in thin holiday trading on Tuesday (26th) as U.S. traders returned to the market after the Christmas holiday and continued to weigh the possibility of more serious disruptions in crude oil supply caused by Houthi rebel attacks on Red Sea ships. possibility. energy commodity prices West … Read more
Jakarta, CNBC Indonesia – World crude oil prices closed lower or fell in trading last Friday because tensions in the Red Sea offset the possibility of an increase in Angola’s production in the future. In trading Friday (22/12/2023), the price of WTI crude oil closed down 0.45% at US$73.56 per barrel, likewise the price of … Read more
International oil prices rose for the third consecutive day on Wednesday (20th), boosted by tensions in the Red Sea that disrupted global trade. Meanwhile, U.S. official data showed that domestic supplies of crude oil and petroleum products increased last week. energy commodity prices 2 West Texas Intermediate (WTI) crude futures for delivery rose 28 cents, … Read more
International oil prices rose for the second consecutive day on Tuesday (19th), closing at a more than two-week high, as recent attacks on ships in the Red Sea triggered market concerns about supply disruptions. energy commodity prices West Texas Intermediate (WTI) crude futures for January delivery rose 97 cents, or 1.3%, to settle at $73.44 … Read more
International oil prices rose on Friday (8th), but still closed lower for the seventh consecutive week, the longest weekly decline since 2018. Some analysts attributed Friday’s gains to supportive comments from Russia and Saudi Arabia, but oil prices fell this week as traders remained unmoved by production cuts by major oil producers. energy commodity prices … Read more
International oil prices fell for the second consecutive trading day on Friday (1st), closing the week lower. The results of the highly anticipated OPEC+ meeting failed to convince the market, and traders did not believe that oil-producing countries would fully implement further production cuts. energy commodity prices West Texas Intermediate crude oil futures for January … Read more