U.S. benchmark crude oil, or WTI, traded around $70.85 last Friday. WTI prices rose after hitting a six-month low due to requests from Russia and Saudi Arabia to the Organization of the Petroleum Expo
Crude Oil Prices Stable at $80 Per Barrel
HaryantoTue, 22 Aug 2023
Jakarta, GIC Trade – WTI crude oil futures are stable around $80 per barrel in Tuesday's trading after a decline in the previous session, as traders continue to assess various demand and su
WTI Stagnant Around $71.00 on Concerns Over Oil Supply
WitriyaniTue, 20 Jun 2023
WTI oil prices retreated to intraday lows around $71.00 as negative sentiment contributed to weak demand in Europe on Tuesday morning. Hence, oil prices were also less affected by the possible supply
World Oil Prices Drop Today Ahead of US Inflation Data
WitriyaniTue, 09 May 2023
At the start of trading, world oil fell today after experiencing a strong increase during the previous two sessions. This happened because the market was still cautious and waiting for the US inflatio
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
China Opens Borders, Oil Prices Rebound
AdministratorTue, 10 Jan 2023
Jakarta, GIC Trade – Crude oil prices rose 1 percent in trading on Monday, after China, one of the world's biggest consumers, opened its borders over the weekend for the first time in three
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