minyaaa($88)aak … 100211

Pada penutupan perdagangan di bursa Nymex dini hari tadi harga minyak mentah mengalami penurunan (10/02). Berkebalikan dengan kondisi harga minyak di Nymex, harga minyak mentah Brent tampak mengalami peningkatan nyaris 2% di tengah makin kisruhnya kondisi politik dan sosial di Mesir.

LONDON, Feb 7, 2011 (AFP)
Oil prices rebounded on Monday to briefly stand back above $100 amid lingering concerns over the impact of the political uncertainty in Egypt.

By late Monday in London and after breaching $100 a barrel, Brent North Sea crude for delivery in March was at $99.95, up 12 cents compared with Friday’s close.

New York’s main contract, light sweet crude for March, dropped 63 cents to $88.40 a barrel.

The price of New York crude lags far behind Brent owing to large supplies of oil remaining at the main US transit point of Cushing, Oklahoma, according to analysts.

Brent last week jumped above the key $100 mark for the first time in more than two years — and went on to cross $103 as sentiment was hit by concerns over the impact of the unrest in Egypt on global energy supplies.

But the market ran out of steam on Friday as traders took profits on weak jobless data in the United States, the world’s biggest crude consuming nation.

“The price of Brent has climbed above the $100 mark again … after dipping below this mark (Friday) … after weaker-than-expected US labour market data,” said Commerzbank commodities analyst Carsten Fritsch.

“On the back of continued protests in the Middle East, oil prices remain well protected on the downside,” Fritsch said.

“The unrest in Egypt has also had an impact on the behaviour of speculative financial investors, who are increasingly betting on rising oil prices again amid the uncertainty about possible effects on oil supply.”

Egypt’s embattled President Hosni Mubarak tried to buy himself some time in the face of defiant street protests Monday, vowing to boost public sector pay packets by 15 percent.

The 82-year-old strongman met his new-look cabinet for the first time as the regime battled to get the economy moving again despite ongoing demonstrations by pro-democracy activists who have occupied a Cairo square.

While Egypt is not a major crude producer, the country is home to the Suez Canal, which carries about 2.4 million barrels daily, roughly equal to Iraq’s output.

On the back of Egypt concerns, Brent crude spiked to $103.37 last Thursday — reaching the highest level since September 26, 2008.



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