NEW YORK, KOMPAS.com - The price of oil down on Wednesday (24 / 6) local time, because the U.S. dollar going up and the United States to report data supply energy "mixed" (various).
Contract main measure New York, light sweet crude oil for delivery in August, declining 57 cents from the close of Tuesday to be finished in 68.67 U.S. dollars per barrel. The price of Brent type crude oil for delivery in London in August down 47 cents to be 68.33 U.S. dollars per barrel.
Traders said prices didikte by dollar, which increased after the body of policy the U.S. Federal Reserve two-day meeting concluded with agreement to maintain the interest rate is almost zero, to stimulate the economy in the world's prolonged recession.
Around 1830 GMT, the euro fell 1.3938 dollars from 1.4078 dollars in late New York trade on Tuesday. A strengthening U.S. currency makes oil prices in dollars more expensive for other currency holders.
Federal Open Market Committee (FOMC) also said that "economic conditions are likely to ensure a very low interest rate for federal fund periodenya extended." The analyst said, the Fed has to maintain agresifnya to stimulate the economy even though the recession is bound to develop ideas "green shoots" (green shoots).
Also market data from the U.S. Department of Energy on Wednesday that showed crude oil stocks declined 3.8 million barrels in the week ended June 19, more sharply from 1.3 million barrels expected by most analysts.
However, inventories of gasoline jumped 3.9 million barrels compared with the expectations one million barrel increase. "Almost every numbers cancel out a number of other," said Sucden analyst Robert Montefusco, a point the fact that the fall in the nominal supply of crude oil is almost consistent with the increase in gasoline stocks.
John Kiduff from MF Global said that market demand remains worrying. "The increase is too large supplies of gas from the high use of Jelang season driving the market clearly," he said.
Market also remains on hold by post-election violence in the main crude oil producer Iran. Police block anti hurly burly of demonstrationist in Tehran on Wednesday, witnesses said, as Iran's supreme leader warned he will not be back in the riot after the presidential election dispute.
"In some instances about the election, I was strictly about the implementation of laws and I will (ask for the firm). Whether the system, and the people who will back down under the power," said Ayatollah Ali Khamenei.
It was the latest indication that the regime will not let klerikal dissent up again even though President Mahmoud Ahmadinejad wave demonstrations and public complaints that fraudulent elections June 12.
Indicated security is not a waste of time to quell protests, with the many anti hurly burly police and Islamic militants to stop hundreds of people trying to gather outside the parliament building in Iran, according to witnesses.
The bad analysts worry that the crisis could cause the government to reduce the supply of Iranian oil or to block the Hormuz - a vital road for oil tankers.
Measure crude oil prices fell from record high points more than 147 U.S. dollars in July 2008 to around 32 dollars in December due to economic down trend energy demand but the market has been rising again in the middle of recovery expectations.
thx to (KMPS)
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