Oil price fell below US$50 per barrel in early trading on Thursday (Nov. 29) amid concerns about excess global supply, and after data showed that the U.S. crude inventories rose for the 10th straight week. Nevertheless, the price rebounded 2.1% to US$51.34 a barrel (West Texas Intermediate) after sources said Russia had accepted the need for cuts in production together with OPEC. Nymex’s crude oil rose 2.21% to US$51.40 a barrel.
Read MoreGlobal markets showed mixed results on Thursday (Nov. 29) in the wake of U.S. Federal Reserve news and persistent concern over trade tension between the U.S. and China. Wall Street seesawed on Thursday while stocks gain in Europe.
Read MorePresident Joko Widodo has committed to removing the medium and small medium enterprises (UMKM) sector from the Negative Investment Lists, included in the 16th Economic Policy Package. This review aims to get comprehensive...
Read MoreResearch and consultant company, Wood Mackenzie predicted stable crude oil price for the next 18 to 24 months. The stagnant price is considering bigger supply reduction from Iran over United State’s sanction. But on the other...
Read MoreThe Fed considered that another increase in the federal funds rate is likely to be warranted fairly soon, suggesting a rate hike at the upcoming meeting in December, FOMC minutes showed. Policymakers also said that monetary...
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