Oil Prices Drop to Pre-War Levels, What’s Up?

Oil Prices Drop to Pre-War Levels, What’s Up?

Jakarta, CNBC Indonesia – Crude oil prices fell again this week due to recession issues. Thus, both West Texas Intermediate (WTI) and Brent crude oil posted declines in 4 of the last 5 weeks. According to Refinitiv data, WTI oil slumped 7.2% to US$ 97.59/barrel, then Brent fell 5.5% to US$ 101.16/barrel. WTI even touched … Read more

World Oil Prices Drop by 4% in a Week ‘Blowed’ by IMF

World Oil Prices Drop by 4% in a Week ‘Blowed’ by IMF

Jakarta, CNBC Indonesia – The International Monetary Fund (IMF), predicts the world economy will grow 3.6% for 2022. World oil prices also fell when the world economic outlook was more bleak. Throughout this week, world oil prices fell 5%. Brent crude oil fell 4.52% compared to the previous week, closing at US$ 106.65/barrel. Meanwhile, light … Read more

Crude Oil Prices Collapse Hit by Omicron VOC, Drop 13%!

Crude Oil Prices Collapse Hit by Omicron VOC, Drop 13%!

Jakarta, CNBC Indonesia – Global oil prices have plunged more than 10% which is the biggest daily drop since April last year after the latest variant of Covid-19 raised concerns in the market about the possibility of global travel restrictions that could derail the recovery in oil prices. The new Covid-19 variant, which has been … Read more

Oil market conditions: WTI oil closed down $ 1.28.

West Texas crude oil (WTI) New York market closed down last night (19 Feb) as investors expected. Texas US crude oil production will soon return to normal. After the production had to be shut down from the effects of a winter storm. WTI crude oil contract for delivery in March It was down $ 1.28, … Read more

The most extreme cold in Texas in the U.S.. Genetic paralysis (total)

The most extreme cold in Texas in the U.S.. Genetic paralysis (total)

Extraordinary Big Snow in TexasIncreased power demand, limited transmission…2.6 million people exposed to coldOilfield and natural gas pipes also freeze and stop In Austin, Texas, a citizen is snowboarding on the street. [이미지출처=AP연합뉴스] – [아시아경제 뉴욕=백종민 특파원] Due to the unprecedented strong cold that hit the central and southern regions of the United States such … Read more

International oil prices, rising until when… WTI, high after pandemic in US cold wave

International oil prices, rising until when…  WTI, high after pandemic in US cold wave

On the 15th (local time), the roads are freezing due to the cold wave that struck Texas, USA, and cars are not speeding up. [사진=AFP·연합뉴스] – – <!– .ui-widget-header { background: #cf0a2c; border-top: 3px solid #cf0a2c; margin:0; padding:0; border-radius: 0; overflow: hidden; } .ui-widget-content{ background-color:rgba(255,255,255,0.5); } #prismADP{line-height:0;-webkit-box-sizing:content-box;box-sizing:content-box;} – – – – – –> International oil … Read more