Oil prices rose on both exchanges in New York after the attacks Israeli military air routes in the Gaza potentially disrupt the supply of this black gold from the Middle East as a region the oil-rich.
Oil prices penetrate U.S. $ 40 more a result of the war Israel-Hamas. Due to the conflict that Israel and Hamas return heat to make the world price of crude oil that had dimmed again flare. Crude oil prices back up to the level of U.S. $ 40 per barrel.
In early trading on Monday (29/12/2008) Intercontinental Exchange in London, oil types of North Sea Brent February delivery jumped 3.53 dollars to the level to U.S. $ 41.90 per barrel.
While the New York contract for the type of oil Light Sweet February delivery jumped 3.50 dollars to the level of U.S. $ 41.21 per barrel.
The broker is concerned the increased conflict in Gaza path will spread to areas in the oil-rich Middle East.
"The geopolitics have disappeared from the stage oil in recent months, but will get more price premium with the emergence of conflict in Gaza," said Olivier Jacob Petromatix in the consultant's research note, as quoted from Reuters.
As is known, Israel again attacked Hamas in Gaza. Around 300 people died as a result of attacks in Israel.
Not only because of political factors, oil prices also jumped as OPEC began to realize a reduction in production decisions. In last meeting, OPEC decided to reduce production to 2.2 million barrels per day per 1 January 2009.
Not only the price of oil, gold prices also bounced participate because of factors is geopolitics. The gold price rose more than 2%, which is the most since early October.
Not only commodities, oil and gold, the U.S. dollar also shaken by the conflict in Gaza. In early trading in London, dollar had fallen sharply on the euro and yen.
Euro to be 1.4278 dollars, compared to the previous level of 1.4025 dollars. Meanwhile, against the yen, the U.S. dollar also weakened to 90.44 yen level, from the previous 90.78 yen.
U.S. dollars are often face pressure if the Middle East conflict.
"Development in the Middle East would still create a strong euro plus at least one or two days," said Yuji Saito, head of Forex from Societe Generale as quoted from the AFP.
Oil prices penetrate U.S. $ 40 more a result of the war Israel-Hamas. Due to the conflict that Israel and Hamas return heat to make the world price of crude oil that had dimmed again flare. Crude oil prices back up to the level of U.S. $ 40 per barrel.
In early trading on Monday (29/12/2008) Intercontinental Exchange in London, oil types of North Sea Brent February delivery jumped 3.53 dollars to the level to U.S. $ 41.90 per barrel.
While the New York contract for the type of oil Light Sweet February delivery jumped 3.50 dollars to the level of U.S. $ 41.21 per barrel.
The broker is concerned the increased conflict in Gaza path will spread to areas in the oil-rich Middle East.
"The geopolitics have disappeared from the stage oil in recent months, but will get more price premium with the emergence of conflict in Gaza," said Olivier Jacob Petromatix in the consultant's research note, as quoted from Reuters.
As is known, Israel again attacked Hamas in Gaza. Around 300 people died as a result of attacks in Israel.
Not only because of political factors, oil prices also jumped as OPEC began to realize a reduction in production decisions. In last meeting, OPEC decided to reduce production to 2.2 million barrels per day per 1 January 2009.
Not only the price of oil, gold prices also bounced participate because of factors is geopolitics. The gold price rose more than 2%, which is the most since early October.
Not only commodities, oil and gold, the U.S. dollar also shaken by the conflict in Gaza. In early trading in London, dollar had fallen sharply on the euro and yen.
Euro to be 1.4278 dollars, compared to the previous level of 1.4025 dollars. Meanwhile, against the yen, the U.S. dollar also weakened to 90.44 yen level, from the previous 90.78 yen.
U.S. dollars are often face pressure if the Middle East conflict.
"Development in the Middle East would still create a strong euro plus at least one or two days," said Yuji Saito, head of Forex from Societe Generale as quoted from the AFP.
0 comments
Post a Comment