Jakarta Post

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post
The Jakarta Post
Video Weather icon 30°C
DKI Jakarta, Indonesia
30°C Partly Cloudy

Dry and mostly cloudy throughout the day.

  • Wed

    26℃ - 32℃

  • Thu

    25℃ - 32℃

  • Fri

    25℃ - 31℃

  • Sat

    26℃ - 30℃

Asian crude oil buyers spoilt for choice

  • Eesha Muneeb
    Eesha Muneeb

    Senior specialist, oil price assessments of S&P Global Platts

Singapore | Fri, August 4, 2017 | 08:05 am
Asian crude oil buyers spoilt for choice Workers tighten a drilling machine at an oil and gas block in Indonesia. (Kompas.com/File)

PREMIUM The settlement price for the September ICE Brent futures contract surpassed a key resistance point at US$50/ barrel in the last days of July, after markets consolidated on data from the United States, OPEC and other non-OPEC producers that seemed to hint at a gradual pullback in global oil oversupply. The front-month September ICE Brent futures contract settled at $52.52/b on July 28, up from $...

Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.