Minyak Pertahankan Penurunan dari 6 Tahun Terendah

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Minyak pertahankan kerugian di dekat level terendah dalam lebih dari enam tahun terkait spekulasi berlimpahnya pasokan minyak global akan berkepanjangan setelah OPEC efektif meninggalkan strategi membatasi produksi untuk mengendalikan harga.

Minyak berjangka sedikit berubah setelah jatuh 8,4% selama dua sesi sebelumnya. Organisasi Negara-negara Pengekspor Minyak mengesampingkan kuota produksi sebesar 30 juta barel per hari sampai para anggota berkumpul kembali pada bulan Juni mendatang. Cadangan minyak kemungkinan diperluas untuk minggu ke-11 hingga 4 Desember, menurut survei Bloomberg sebelum rilis data dari Administrasi Informasi Energi (EIA) pada hari Rabu.

Minyak telah merosot sekitar 40% sejak Arab Saudi dipimpin keputusan OPEC pada bulan November 2014 untuk mempertahankan produksi dan mempertahankan pangsa pasar terhadap biaya produsen shale AS yang lebih tinggi. Kelompok ini akan terus memompa sekitar 31,5 juta barel per hari, Presiden Emmanuel Ibe Kachikwu mengatakan pada hari Jumat setelah pertemuan di Wina.

Minyak West Texas Intermediate untuk pengiriman Januari di $ 37,77 per barel, naik 12 sen, di New York Mercantile Exchange pada pukul 08:45 pagi waktu Seoul. Kontrak WTI turun $ 2,32, atau 5,8%, ke $ 37,65 pada hari Senin, terendah sejak Februari 2009. Volume semua berjangka yang diperdagangkan adalah 58% di bawah rata-rata 100-hari.

Minyak Brent untuk Januari turun $ 2,27, atau 5,3%, untuk menetap di $ 40,73 per barel di bursa ICE Futures Europe exchange, pada hari Senin. Itu merupakan penutupan terendah sejak Februari 2009. Minyak mentah acuan Eropa mengakhiri sesi lebih besar $ 3,08 dari WTI.(frk)

Sumber: Bloomberg

Oil Settles at Lowest Levels since Early 2009

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Oil futures plunged further on Monday to mark their lowest settlements in nearly 7 years, in the aftermath of the decision by the Organization of the Petroleum Exporting Countries last week to keep crude production running at current levels.

January West Texas Intermediate crude dropped $2.32, or 5.8%, to settle at $37.65 a barrel on the New York Mercantile Exchange. That was the largest one-day percentage loss since September.

January Brent crude fell $2.27, or 5.3%, to end at $40.73 a barrel on London’s ICE Futures exchange.

WTI and Brent prices, which each lost about 4.2% last week, haven’t settled at levels this low since February 2009, based on the most-active contracts.

On Friday, WTI crude settled 2.7% lower while Brent futures lost 1.9% after OPEC, at its meeting in Vienna, agreed to maintain a ceiling that reflects “current actual production” even as the market struggles with oversupply.

OPEC previously had a production ceiling of 30 million barrels a day, but members have been producing closer to 31.5 million barrels a day, according to market estimates. Analysts have concluded that the decision essentially legitimizes the cartel’s overproduction.

Still, the low prices do seem to be having an impact on production. Monthly data released Monday by the U.S. government showed that domestic shale-oil output is expected to fall by 116,000 barrels a day to 4.861 million barrels a day in January.

Source: MarketWatch

Bursa Asia Turun Jelang Rilis Data Perdagangan China

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Bursa saham Asia jatuh menjelang rilis data perdagangan China setelah minyak anjlok ke posisi terendah dalam enam tahun terakhir, membebani produsen energi dan mengirim BHP Billiton Ltd. ke posisi terendah dalam 10 tahun.

Indeks MSCI Asia Pacific turun 0,3% menjadi 131,79 pada pukul 09:01 pagi di Tokyo, dengan perusahaan energi dan material memimpin penurunan di antara indeks 10 kelompok industri terkemuka. Indeks tersebut berada di jalur untuk penurunan tahun ini sebesar 4,4%, kerugian tahunan back-to-back pertama sejak tahun 2002, setelah penurunan 24% dalam Indeks Komoditas Bloomberg pada tahun 2015 membebani produsen sumber daya dan melambatnya pertumbuhan ekonomi China. Minyak mentah AS merosot melewati $ 38 per barel ke level terendah sejak tahun 2009 setelah OPEC meninggalkan strategi pembatasan produksi.

Ekspor China untuk bulan November kemungkinan turun 5% dari tahun sebelumnya, menurut perkiraan rata-rata dari survei Bloomberg sebelum laporan yang dirilis pada hari Selasa. Dibandingkan dengan penurunan 6,9% pada bulan sebelumnya.(frk)

Sumber: Bloomberg

Energy Stocks Lead U.S. Shares Lower as Crude Oil Extends Drop

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U.S. stocks retreated as tumbling oil prices weighed on energy and raw-material companies, sparking a selloff after equities posted their biggest one-day gain in three months.

The S&P 500 fell 0.7 percent to 2,077.15 at 4 p.m. in New York, trimming an earlier drop of as much as 1.2 percent, after jumping 2.1 percent on Friday.

Crude prices extended losses after falling 2.7 percent Friday amid speculation a record global glut will be prolonged as the Organization of Petroleum Exporting Countries effectively abandoned its long-time strategy of limiting production to control prices. West Texas Intermediate futures fell 5.8 percent Monday to $37.65 a barrel, the lowest close since February 2009.

Oil’s plunge of more than 40 percent in the past year has hampered recoveries in the U.S. and Europe as capital spending has waned and inflation has remained below central-bank targets.

U.S. stocks are coming off their most volatile week since the summer as investors were faced with releases from the Labor Department, the European Central Bank and speeches by Federal Reserve Chair Janet Yellen. The S&P 500’s rally on Friday left it little changed for a second straight week after a report showed U.S. employers added more jobs than forecast in November, increasing speculation that the economy is strong enough to withstand higher borrowing costs -- something that Yellen has signaled.

Source : Bloomberg

Energy Shares Lead U.S. Stocks Lower as Crude Oil Extends Drop

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U.S. stocks retreated, following equities’ biggest one-day gain in three months, as oil prices extended their declines to weigh on energy and raw-material companies.

Chevron Corp. and Exxon Mobil Corp. fell more than 2.9 percent as energy producers in the Standard & Poor’s 500 Index slumped for a fourth day. Chipotle Mexican Grill Inc. fell 2.8 percent after rescinding its 2016 forecast in the wake of an E. coli outbreak. Keurig Green Mountain Inc. surged 73 percent after agreeing to be acquired by a JAB Holding Co.-led investor group for about $13.9 billion in cash.

The S&P 500 fell 0.9 percent to 2,073.12 at 12:09 p.m. in New York, after jumping 2.1 percent on Friday. The Dow Jones Industrial Average lost 153.46 points, or 0.9 percent, to 17,694.17. The Nasdaq Composite Index declined 0.8 percent.

Crude prices extended losses after falling 2.7 percent Friday amid speculation a record global glut will be prolonged as the Organization of Petroleum Exporting Countries effectively abandoned its long-time strategy of limiting production to control prices. West Texas Intermediate futures fell 4.8 percent Monday to $38.07.

Oil’s plunge of more than 40 percent in the past year has hampered recoveries in the U.S. and Europe as capital spending has waned and inflation has remained below central-bank targets.

Source : Bloomberg