OPEC pun tidak bisa menjaga harga minyak ....
Oil Falls Below $65 as OPEC Cuts Output Topics:OPEC <http://www.cnbc.com/id/15837548/cid/97249/sh/3> | Energy<http://www.cnbc.com/id/15837548/cid/97276/sh/3>| Alternative Energy <http://www.cnbc.com/id/15837548/cid/110544/sh/3> Sectors:Oil and Gas <http://www.cnbc.com/id/15837548/cid/97123/sh/3> By Reuters | 24 Oct 2008 | 05:13 AM ET Text Size <http://www.cnbc.com/id/27347199#><http://www.cnbc.com/id/27347199#> Oil fell below $65 a barrel on Friday, to new 16-month lows, pressured by gloom across all markets about a global economic downturn that could reduce the impact of any cut in oil output from OPEC. Ministers of the Organization of the Petroleum Exporting Countries began an emergency meeting in Vienna on Friday where they decided to reduce output by one and a half million barrels per day effective from November 1. *U.S. light crude* [EMAIL PROTECTED] Loading... ()]<http://data.cnbc.com/quotes/US%40CL.1>for December delivery was down, erasing earlier gains. *London Brent crude* [EMAIL PROTECTED] Loading... ()]<http://data.cnbc.com/quotes/GB%40IB.1>fell. "We believe this week will mark the start of a new quota reduction cycle by OPEC and it will continue through 2009," Deutsche Bank analyst Michael Lewis said in a note. "However, we believe production cuts will not rescue the oil price," he said. "We target WTI (U.S.) crude oil prices hitting $50 a barrel next year." Oil has plunged more than 50 percent from its record high above $147 in July, as demand has dropped in the United States, the world's biggest energy consumer and other industrial countries. *From 'Fast Money':* - *Forget That Talk Of Sitting On Sidelines*<http://www.cnbc.com/id/27340231> OPEC ministers have agreed the oil market is oversupplied, but there are differences over the size of a potential cut. The group is considering two supply cut options: a 1 million barrel per day cut now and a review of this in December, or an immediate cut of 1.5 million bpd, an OPEC delegate told Reuters. Analysts polled by Reuters anticipate OPEC will reduce output by between 1 million and 1.5 million barrels per day. Investor pessimism about the world economy was highlighted by sharp falls in European and Asian stocks, led by around a 10 percent drop in Japan's *Nikkei 225 Average* [JP;N225 Loading... () ]<http://data.cnbc.com/quotes/JP%3bN225>. Even gold, a traditional safe haven, was down 4 percent as the U.S. dollar rose. Bleak outlooks from world car makers and a barrage of job cuts by major U.S. companies has provided evidence the financial crisis is spilling over into the real economy. "If it wasn't for an expected OPEC cut, there is a strong possibility that oil prices would be falling a lot more considering how poorly Asian stocks are performing," said David Moore, a commodities strategist at the Commonwealth Bank of Australia. *Copyright 2008 Reuters. Click for restrictions<http://today.reuters.com/HelpAndInfo/Copyright.aspx> .*
