apa ini saatnya membeli PTBA,BUMI,ENRG,MEDC? atau tetep ikut mainan bandar ? mohon petunjuk suhu2 short term trader.
On 10/26/07, Aria Bela Nusa <[EMAIL PROTECTED]> wrote: > > http://biz.yahoo.com/ap/071025/oil_prices.html > > *Oil Hits Record Above $90 on OPEC Report* > Thursday October 25, 4:23 pm ET > By John Wilen, AP Business Writer > > > > *Report That OPEC Won't Lift Production Quotas Lifts Crude Oil Prices Back > Above $90 a Barrel* > > NEW YORK (AP) -- *Oil futures jumped to a new record close of $90.46 a > barrel Thursday on news that OPEC production increases aren't coming as fast > as expected and that the cartel won't announce new output quotas when it > meets next month. * > > *Prices rose in early trading on growing concerns about conflict in the > Middle East and declining supplies of crude in the U.S. They got a further > boost after Dow Jones Newswires reported that Oil Movements, a company that > tracks oil tanker traffic, said crude shipments from Organization of > Petroleum Exporting Countries members will grow more slowly than anticipated > through early November. * > > Meanwhile, OPEC Secretary General Abdalla el-Badri told The Wall Street > Journal Asia the cartel is not in discussions to boost production by 500,000 > barrels. El-Badri's comments counter rumors that Saudi Arabia is pushing for > a production increase. In September, OPEC bowed to Saudi pressure and > announced a production increase of 500,000 barrels a day, effective Nov. 1. > > "It shows a little drama in the cartel," said Phil Flynn, an analyst at > Alaron Trading Corp. in Chicago. > > *Light, sweet crude for December delivery rose $3.36 to settle at $90.46 a > barrel on the New York Mercantile Exchange after rising as high as $90.60 > earlier, a trading record. * > > Geopolitical events influenced early trading, with crude rising after > Lebanese troops fired on Israeli warplanes. A conflict between Israel and > Lebanon wouldn't itself have much impact on oil supplies, but traders worry > that any hostilities in the Middle East would eventually draw in big oil > producers such as Saudi Arabia and Iran. > > Energy traders also remain concerned that a threatened incursion by > Turkish armed forces into Iraq in search of Kurdish rebels would cut oil > supplies out of northern Iraq. > > On Wednesday, crude prices jumped sharply after the Energy Information > Administration reported that oil inventories fell by 5.3 million barrels > last week, much more than analysts expected. That report reversed a > three-day downward price trend, and put energy traders back in a bullish > mood, analysts said. > > "Yesterday's EIA report pretty much changed the personality of the > market," said Jim Ritterbusch, president of Ritterbusch and Associates in > Galena, Ill. > > In other Nymex trading, November gasoline rose 8.83 cents to settle at > $2.2358 a gallon, and November heating oil added 6.64 cents to settle at > $2.4084 a gallon. > > November natural gas rose 21.6 cents to settle at $7.188 per 1,000 cubic > feet as traders shrugged off a government report that inventories grew by 68 > billion cubic feet last week, more than analysts had expected, and focused > instead on forecasts for colder weather in the Midwest and Northeast and the > possibility that a storm system in the western Atlantic could develop into > tropical strength as it moves into the Caribbean Sea. > > In London, December Brent crude rose $3.11 to settle at $87.48 a barrel on > the ICE Futures exchange. > > At the pump, gas prices slipped 0.2 cent overnight to a national average > of $2.82 a gallon, according to AAA and the Oil Price Information Service. > > Associated Press Writer George Jahn in Vienna contributed to this report. > > > >
