Market Flash: iSHARES MSCI Indonesia Investable Market Index Fund (EIDO:US) PRICE: 28.530 USD Down -0.360 (-1.246%) >>> BI: Rupiah Melemah Akibat Kondisi Eropa >>> Pertemuan FED pertimbangkan langkah baru dorong ekonomi >>> KIJA akan Terbitkan MEN Valas USD150 Juta >>> PT Indika Energy Perusahaan Teladan Dunia 2011 >>> Govt Promises Revision of Cost Recovery Regulation >>> BPMigas Demands PGN to Pay US$6 per MMBTU >>> Jababeka to Raise US$150 Million from Debt Markets >>> SCG Chemicals buys Chandra Asri >>> Solusi Tunas eyes Rp380 bio IPO >>> SMR Utama scouts Rp300 bio IPO >>> Alam Sutera picks two bond arrangers >>> ASII Tetap Rajai Penjualan Mobil Agustus 2011 >>> Perusahaan Thailand kuasai Saham TPIA senilai Rp 3,76 Triliun >>> Agis Main ke Tambang, Sahamnya Masuk Dalam Pengawasan >>> ACES Mendekati The Northern Agar Mau Kurangi Kepemilikan >>> IHSG masih harus berjuang terus bertahan diatas MA200 >>> Melirik Peluang Akumulasi di Saham Perbankan >>> Analisa Saham BUMI: Kuat Bertahan & Berpeluang Kembali Uptrend >>> Analisa Saham JSMR: Bertahan Di Support, What Next? >>> INDF Tertahan Di Area Support Kuat, Berpeluang Rebound >>> ASII Break Minor Support, Sell on Strength >>> ADRO Membentuk Descending Wedges, Berpeluang Rebound Terbatas >>> Wall Street ends flat as early gains evaporate >>> Fed begins policy meeting, tiptoes toward easing >>> Fed meeting to help decide on long-term Treasuries >>> Greece Makes 'Good Progress' in Reform Talks: EC >>> China worried Europe debt crisis will hit trade >>> China could roll out 4.65tr yuan stimulus package >>> IMF sees Mideast stagnation >>> NYMEX-Crude ends higher at Oct contract expiry >>> Asian Crude Palm Oil Up On Technical Buying, Soyoil >>> Foreign net Sell - 61.785.746

Kamis, 02 Juni 2011

Oil Declines for a Second Day After Reports Show U.S. Economy Is Slowing - Bloomberg

Oil declined for a second day in New York after reports showed U.S. crude supplies rose, companies added fewer jobs than forecast and manufacturing slowed, stoking speculation fuel demand may falter in the world’s biggest crude- consuming nation.

Futures slid as much as 0.7 percent after declining the most in three weeks yesterday. Crude stockpiles climbed the most in five weeks, according to the American Petroleum Institute. Employment rose by 38,000 in May, the smallest gain since September, ADP Employer Services said. A 175,000 increase was forecast, according to a Bloomberg News survey. The Institute for Supply Management’s factory index dropped to 53.5.

“Oil futures fell sharply after the U.S. data printed weaker than expected, raising concerns over growth momentum in the U.S.,” economists at Australia & New Zealand Banking Group Ltd., led by Warren Hogan, wrote in a note today.

Crude for July delivery lost as much as 67 cents to $99.62 a barrel in electronic trading on the New York Mercantile Exchange, and was at $99.82 at 9:20 a.m. Sydney time. The contract yesterday declined $2.41, or 2.4 percent, to $100.29, the biggest single-session drop since May 11. Prices are up 37 percent the past year.

Brent crude oil for July delivery fell $2.20, or 1.9 percent, to end the session at $114.53 a barrel on the London- based ICE Futures Europe exchange yesterday, the lowest settlement since May 24.
Crude Inventories

The European benchmark contract traded at a premium of $14.24 a barrel to U.S. futures yesterday. The difference between front-month contracts in London and New York reached a record $19.54 on Feb. 21. It averaged 76 cents last year.

The industry-funded American Petroleum Institute said U.S. crude supplies rose 3.5 million barrels last week to 371.6 million. An Energy Department report today is forecast to show stockpiles declined 1.6 million barrels, according to the median of 13 analyst estimates in a Bloomberg News survey.

The Institute for Supply Management’s factory index fell more than projected to the lowest level since September 2009, the Tempe, Arizona-based group said yesterday. Economists forecast the ISM gauge would drop to 57.1, according to a Bloomberg News survey.
Forecasts Lowered

The ADP employment report prompted some economists cut their forecasts for payrolls to be reported in two days by the Labor Department. Goldman Sachs Group Inc., Deutsche Bank Securities Inc. and Bank of America Merrill Lynch reduced their estimates. Economists at JPMorgan Chase & Co. in New York lowered second-quarter growth forecasts for the second time in as many weeks.

The world’s largest economy will expand at a 2 percent annual rate from April through June, down from a prior estimate of 2.5 percent, according to an e-mailed statement yesterday from Michael Feroli, the bank’s chief U.S. economist.

The most-active oil option was the July $95 put, a bet that prices will fall. The contract rose 30 cents to 89 cents. The most-traded call option, a bet that prices will rise, was the July $115 call, which fell 9 cents to 10 cents.

The Organization of Petroleum Exporting Countries’ crude output increased for a second straight month in May, led by gains from Saudi Arabia and Nigeria, according to a Bloomberg News survey.

Production rose 165,000 barrels, or 0.6 percent, to average 28.895 million barrels a day, according to the survey of oil companies, producers and analysts. Saudi Arabia bolstered output by 75,000 barrels, or 0.8 percent, to 8.925 million barrels a day, the highest level since October 2008. Nigerian production rose 75,000 barrels a day to 2.06 million last month.

To contact the reporter on this story: Ben Sharples in Melbourne

Tidak ada komentar:

Poskan Komentar