World Oil Prices Through the U.S. $78
Toward the close of 2009, world crude oil prices continue to rise. Until 20:30 pm yesterday (28/12), WTI oil price for delivery in February 2010 in the United States Mercantile Exchange (USA) rose 0.33% to U.S. $ 78.31 per barrel. If the count since the beginning of this year, oil prices have shot 30%.
The analysts argued, the increase in world oil prices was not free from speculation the global economic recovery. In addition, the decline in U.S. dollar exchange rate some time ago joined lit oil prices.
Vice President Valbury Asia Futures, Nico Omer Jonckheere said, until the first half of 2010, the U.S. dollar exchange rate is still likely to weaken. Dus, oil prices are still more likely to ascend to the level of U.S. $ 82 per barrel.
Pri Agung oil observers argue Rakhmanto, more oil price increases triggered by the demand in the futures market, not merely real demand. ”Moreover, the current dollar tends to weaken against other currencies. Factors winter could also drive the oil prices in the short term,” he said yesterday.
Pri Agung predict, fundamentally the world oil price will only be in the range of U.S. $ 70 – U.S. $ 80 per barrel. With a note, if world economic growth running smoothly as expected.
“But the current economic conditions, it is still not sure,” he added.
According to Pri, oil supplies through 2010 could reach 89 million barrels per day, while demand is only 84 million barrels per day. ”From the supply of 89 million barrels, OPEC has cut production to 5 million barrels,” said Pri Agung. Thus, there is no reason for oil price rises.Because, no matter what the addition of oil demand can still be supplied by the producer countries.
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