Oil rose to a maximum in 1.5 months

Oil prices are rising – – Brent crude rose in price by almost 0.70%. The last time “black gold” was sold at such a price was at the beginning of August. And WTI oil rose by 1.64% at once. Brent crude oil futures for November delivery rose to $ 74.01 a barrel. This price was […]

Oil prices fell to their lowest over the summer

Photo: Reuters Oil prices have collapsed – – After the OPEC + decision to increase production, oil prices have dropped by more than $ 4 today. World oil prices plummeted in trading on Monday, July 19. Thus, the cost of September futures for Brent on the London ICE Futures exchange fell by 5.7% to $ […]

OPEC + countries agree to increase oil production

The next OPEC + ministerial meeting will take place on September 1 – – OPEC + will strive to completely neutralize the current restrictions on oil production from September 2022. The member states of the OPEC + deal agreed to increase oil production from August by 400 thousand bpd per month. This is stated in […]

Worried about supply flooding, crude oil prices corrected again this week

Source: Reuters | Editor: Anna Suci Perwitasari KONTAN.CO.ID –  NEW YORK. Oil prices have been volatile this week. Sentiment from expectations of increased supply comes at a time when coronavirus cases are also starting to soar which could lead to curbs and depressed demand. Friday (16/7), the price of Brent crude for September delivery rose […]

Oil prices rise on declining US inventories

Photo: Reuters (archived photo) Decrease in US oil reserves exceeded forecasts – – US crude oil inventories fell to 445.5 million barrels, the lowest level since February 2020. World benchmark oil prices rise moderately on data on declining US oil and fuel inventories. This is evidenced by the trading data on Friday, July 9. Thus, […]

Oil rises in price on news from the EU

World oil prices have been growing for the second week – – Expectations of easing quarantine restrictions support the prospects for economic recovery and demand for “black gold”. World benchmark oil prices are rising moderately on expectations of an easing of quarantine in Europe. This is evidenced by the trading data on Tuesday, May 4. […]

Oil prices fall in price due to jump in COVID-19

Oil started a new work week with a decline – – A new surge in the incidence of coronavirus may lead to a sharp reduction in demand for “black gold”. Global benchmark oil prices are moderately declining amid news of an increase in the incidence of coronavirus in countries around the world. This is evidenced […]

Oil collapsed after the ship in the Suez Canal moved

The stranded container ship Ever Given is almost ready to set sail, with the last inspections pending, a Reuters source said on Monday. Hundreds of other container vessels, bulk carriers and oil tankers remain stranded at both ends of the canal. However, the good news for Ever Given immediately sent oil prices down sharply after […]

Clogged Suez Canal, Rupiah Can Get In Trouble!

Jakarta, CNBC Indonesia – The blockage of the Suez Canal begs many stories. From the start of various appearances meme on social media to the risk of being weakened rupiah exchange rate. Rupiah? How come? The Suez Canal is one of the main routes of world trade. Through this channel, various goods are sent to […]

For the Sake of Rice (and a Handful of Diamonds), Oil Prices Are Down!

Jakarta, CNBC Indonesia – World oil prices moved down throughout this week. Understandably, investors are also humans who want to find a bite of rice (and a handful of diamonds). During this week, the price of Brent type oil was corrected 0.26% in a straightforward manner point-to-point. While the light sweet type decreased 0.82%. This […]