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

Selasa, 09 Agustus 2011

Oil drops 6%, ends below $82 after S&P move Investors flee crude, energy markets after U.S. credit-rating cut - MarketWatch

SAN FRANCISCO (MarketWatch) — Crude-oil futures settled Monday at their lowest level since November as the Standard & Poor’s downgrade of U.S. credit reinforced worries about the economic outlook and demand for oil.

Crude for September delivery CL1U -6.68% dropped $5.57, or 6.4%, to end at $81.31 a barrel on the New York Mercantile Exchange. That was the lowest settlement for a front-month oil contract since Nov. 23. Intraday, September oil fell as low as $80.17 and traded as high as $85.73 a barrel, according to the Nymex.

The steep closing loss, the largest one-day dollar and percentage drop since May, came on the heels of a 9.2% decline last week, including a pullback of nearly 6% on Thursday. Oil has lost 15% so far this month.

Investors had ignored indications that oil’s underlying fundamentals “have been weak for months,” said Tim Evans, an analyst with Citigroup‘s Citi Futures Perspective.

Demand is soft, and supplies — despite a lack of exports from strife-torn Libya — are higher than a year ago, he added.

“We became overvalued,” Evans said.

S&P late Friday took the unprecedented step of downgrading U.S. credit by one notch, to an AA+ rating, and assigned it a negative outlook.

Investors sought a safe haven in gold futures, which rallied above $1,700 an ounce to settle at a record high. Wall Street suffered through another session of heavy selling, after Asian and European stocks got clobbered to start the trading week. Read more on gold futures. Read More

Tidak ada komentar:

Posting Komentar