The American Petroleum Institute (API) report yesterday evening a 6.83 million-barrels draw in crude oil inventories for the week ending July 24, in stark contrast to market expectations of a 450, 000-barrel rise. The verdict however is still out, as today more definitive US stocks data is due for r

Executive Summary 🔸Oil prices surged above US$110 as Middle East conflict disrupted supplies. 🔸Asian markets plunged, with South Korea and Japan hit hardest. 🔸Governments imposed fuel caps and rationing to contain panic buying. (March 9) U.S. oil prices surged above US$110 per barrel on Ma

Ketegangan geopolitik, terutama di kawasan Timur Tengah seperti sekitar Selat Hormuz, bikin harga minyak dunia kembali melonjak. Setiap ada risiko gangguan pasokan, market langsung bereaksi cepat. Ini bisa banget jadi magnet buat trader yang cari peluang dari volatilitas tinggi loh! Tapi sebelum iku

Oil prices eased on Friday, after global central bankers sounded the alarm on inflation risks stemming from the ongoing war in the Middle East. Gulf Oil's senior energy advisor Tom Kloza warned that markets could enter an "all bets are off”"scenario if the conflict spills beyond the Gulf and begins

Oil fell for the first time in six days as Washington is considering potentially intervening in the futures market against rising energy costs and giving waivers to Indian refiners to buy Russian crude. A senior White House official said on Thursday, the US Treasury Department is expected to announc