Kamis, 10 Mei 2012
Stronger Dollar, Oil prices tumble
"There is still much uncertainty about the political issues of debt and the euro zone," said Victor Shum, an analyst with international energy consultants Purvin and Gertz.
New York's main contract, West Texas Intermediate crude (WTI) for June delivery, fell 20 cents to 96.81 dollars per barrel, two days after reaching the lowest level in nearly five-month low at 95.34 U.S. dollars.
Brent North Sea crude for June delivery slipped 47 cents to 113.20 dollars per barrel in London.
Investors are worrying about the impact of weekend elections in Greece is increasing, after the head of Syriza party, the country's left wing, said his cabinet would reject all the austerity measures imposed under the agreement the EU-IMF loan, if he formed a new government.
That prompted fears that Greece will be forced out of the euro zone entirely - and that sent the euro fell against the dollar Wednesday, further weakening demand for crude oil.
Crude oil is also under pressure from indications that Saudi Arabia, the world's major oil producer, could boost production.
Diposting oleh macho di 06.04