Oil prices are headed for a second weekly decline as market concerns about oversupply outweigh potential supply disruptions. Brent fell below $60/barrel and fell more than 2% throughout the week, while WTI traded around $56/barrel. Nearly all major global traders expect the market to be oversupplied by early next year. Trafigura even predicts the benchmark…
Silver prices (XAG/USD) strengthened and moved near $51.00 during Monday’s Asian session. This increase occurred amid market uncertainty following the end of the US government shutdown. Market participants are also preparing to closely monitor the speeches of several Fed officials, including John Williams, Philip Jefferson, Neel Kashkari, and Christopher Waller, who could potentially provide new…
Ukuran utama inflasi AS mencatatkan kenaikan bulanan terkecil dalam dua tahun terakhir, mendorong lonjakan belanja konsumen dan meningkatkan ekspektasi bahwa perekonomian dapat menghindari resesi. Indeks harga pengeluaran konsumsi pribadi inti, yang tidak mencakup komponen pangan dan energi yang mudah berubah, naik 0,2% pada bulan Juli untuk bulan kedua. Indeks harga PCE secara keseluruhan juga meningkat…
Oil prices are on track for a third consecutive monthly decline, driven by concerns about a global oversupply, with OPEC+ expected to agree to another supply increase later this week. Brent crude fell near $64 per barrel, marking a monthly decline of more than 3%, while West Texas Intermediate (WTI) held near $60. The OPEC+…
Oil held its largest gain in more than a week on rising tensions in the Middle East, with a fresh attack on shipping in the Red Sea prompting vessels to avoid the key shipping route. West Texas Intermediate traded above $75 a barrel after rising by 2.7% on Tuesday, with global benchmark Brent near $81. The…
Oil edged lower after a weekly drop as traders awaited a fresh raft of clues about global crude demand and balances in March and beyond. Brent dipped toward $82 a barrel after losing more than 2% last week, with US counterpart West Texas Intermediate above $76. Market outlooks will come this week from International Energy Week in London,…
