minyaa($99)aak … 030311


Oil dips briefly on Libya peace talk

5:16am EST
By Jeremy Gaunt, European Investment Correspondent
LONDON (Reuters) – A proposal by Venezuela President Hugo Chavez to try to broker a peace deal in Libya briefly pushed oil lower on Thursday, while recently risk-averse stock markets put in some gains.
European markets were volatile ahead of a European Central Bank meeting that was expected to sharpen its anti-inflation line.
Early losses of around $3 a barrel in crude oil were pared back on reports of continued fighting in Libya, including air strikes against rebel positions.
Brent crude oil fell as low as $113.09 a barrel but was later back up around $116.
World stocks as measured by MSCI were up 0.2 percent.
The early moves in oil were prompted by Chavez, a good friend of Libyan leader Muammar Gaddafi, suggesting a commission from Latin America, Europe and the Middle East could be formed to try to reach a negotiated outcome to the Libyan crisis, which has driven oil prices to levels that may threaten global economic recovery.
Arab League Secretary-General Amr Moussa said the proposal a was under consideration by his group.
Some oil analysts suggested that the proposal was a convenient excuse for traders to adjust their positions.
“If it’s coming out of Chavez, it might not have a great degree of substance,” said Tim Riddell, head of technical analysis at ANZ in Singapore.
“The fact that the markets have been so volatile and without having concrete evidence of any material shift in the unrest in the Arab world suggests to me that we are at best consolidating.”
Financial markets have nonetheless become highly sensitive to North Africa and Middle east tension because of the broad impact that a rising oil price has on everything from corporate profits to consumer confidence and interest rate projections.
STOCKS RISE
European shares rose on Thursday buoyed by positive U.S. economic news overnight and the falling oil price.
The FTSEurofirst 300 index of leading European shares was up 0.4 percent, partially recovering the previous session’s 0.7 percent fall.
Forecast-beating U.S. private sector jobs data and positive comments from the Federal Reserve in its latest Beige Book report overnight helped buoy equities in both the United States and Asia.
“(There is) some hope that the global recovery is strong enough to weather any shocks that may arise due to uncertainties in the Middle East,” said Zahid Mahmood, senior dealer at Capital Spreads.
The euro hovered near a four-month high against the dollar, supported by expectations that the ECB meeting will pave the way for rate rises later in the year.
Investors have pushed the euro up about 3 percent from a low hit on February 14.
The euro was slightly weaker against the dollar at $1.3851, but close to its four-month peak of $1.3890 hit on trading platform EBS on Wednesday.
Euro zone government bonds traded lower ahead of the ECB meeting.
(Additional reporting by Neal Armstrong and Simon Falush; Editing by Hugh Lawson)
Rabu, 02/03/2011 06:57 WIB
Harga Minyak ‘Menggila’ Lagi, Wall Street Ambles
Nurul Qomariyah – detikFinance

New York – Harga minyak mentah dunia ‘menggila’ lagi dan langsung memicu aksi jual di bursa Wall Street. Harga minyak melonjak lagi seiring memanasnya kembali di Timur Tengah, kali ini terjadi di Iran.

Di Tehran, demonstran bentrok dengan tentara Iran dalam sebuah demo yang memrotes pemerintah dengan tuntutan pembebasan 2 pemimpin oposisi yang dipenjara. Hal itu langsung menambah kekhawatiran terhadap suplai minyak dai Timur Tengah.

Pada perdagangan Selasa (1/3/2011), minyak light sweet pengiriman April melonjak 2,66 dolar menjadi US$ 99,63 per barel. Minyak Brent pengiriman April juga melonjak 3,62 dolar menjadi US$ 115,42 per barel.

Lonjakan harga minyak itu langsung memicu aksi jual di bursa Wall Street. Indeks volatilitas CBOE Volatility Index VIX yang mengukur kekhawatiran investor melonjak 14,5% menjadi 21,01 karena ketidakpastian harga minyak itu.

“Kita telah meliat bagaimana cepatnya VIX dapat melonjak dan tidak ada alasan untuk percaya angka itu tidak akan melonjak 2 kali lipat dari sekarang,” ujar Harry Rady, CEO Rady Asset Management seperti dikutip dari Reuters, Rabu (2/3/2011).

Pada perdagangan Selasa (1/3/2011), indeks Dow Jones merosot hingga 169,38 poin (1,39%) ke level 12.056,96. Indeks Standard & Poor’s 500 juga merosot 21,04 poin (1,59%) ke level 1.306,18 dan Nasdaq merosot 44,86 poin (1,61%) ke level 2.737,41.

Perdagangan berjalan sangat ramai, dengan transaksi di New York Stock Exchange mencapai 8,67 miliar lembar saham, di atas rata-rata harian tahun ini yang sebesar 8,47 miliar lembar saham.

Pelemahan indeks Dow Jones sedikit tertahan oleh penguatan saham Wal-Mart Stores Inc dan Coca-Cola yang masing-masing naik 0,2% dan 1,5%.

(qom/qom)

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