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Selasa, 06 September 2011

Oil Falls to US$83.7, Metals Lost Ground - The Indonesia Today

Nymex crude oil tumbled 3.17% to US$83.7 per barrel Monday (Sep 5), dragging down energy stocks worldwide. Metals also lost ground on growing recession worries.

Xstrata, the world's largest thermal coal exporter, closed lower by 6% in London Monday, while Anglo American and Glencore dropped 3.64% and 3.56% respectively. Earlier in Asia, China Coal and BHP Billiton down more than 3%, while Rio Tinto dropped 3.14%.

BP closed lower by 2.99% in London, while CNOOC slashed 8.89% in Hong Kong. Santos and WOodside also closed lower by 4.92% and 3.06% in Sydney. In Paris, Total SA dropped 4.28%, while Premier Oil tumbled 4.35% in London.

Metals ended mostly lower in the London Metals Exchange, where nickel dropped 2.84% to US$20,890 per ton, while tin lost 1.24% to US$23,950 per ton. Copper also declined 1.29% to US$8,959 per ton, while zinc and lead down 1.05% and 1.22% respectively.
Posted by Saham Pilihan at 05.04

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