Price Oil and Premium

After for quite a long time was cool and calm under the USD level 50 per barrel, the price of world oil was again hoisted. In the closing of the trade on Friday (20/3) in the Stock Exchange of Berjangka New York (NYMEX), the price of settling oil in the USD position 51,06 per barrel.

The price of the black gold it was predicted continued to bounce to the end of the year.

He stated, the price of oil tended to rise because the world reserve continued to descend. Together with the financial crisis global, exploration investment also decreased. As a result, the reserve of world oil continued to shrink. "Moreover, the United States that usually has stock" of "oil on one year, currently his oil reserve already less than six months," he revealed.

Director Center for Petroleum and Energy Economics Studies (CPEES) Kurtubi added, till at this time the government did not yet spend at all the subsidised fund of BBM. Dengan the price of quite high oil then, the Rp FUEL OIL subsidy 30 trillion will often remain. "In fact if wanting to lower the price" of the "premium to Rp 4.000 per litre, no worries," timpal him.

Kurtubi said, the psychological influence natural happened because of not having the fundamental factor that could become pendongkrak consumption of oil. Both in developed countries and in the developing country like Indonesia, the movement of slow economics resulting from the financial crisis blow global.

"Until this did not yet have the sign demand will rise," he exclaimed. Only, more he, the psychological factor will not take place old. Because, when the perpetrators of the market took the profit (the profit taking), the price of the black gold will descend again. "But, if long the term indeed had the indication rose on USD 60 per barrel," he stressed.

The indication is, the rise in the activity of economics all over the world that was moved by their respective stimulus happened the country. However, in Indonesia that could not be done quickly because the stimulus that was promised has not still descended. Moreover, if OPEC obeyed the policy of cutting the production through to 4,2 million barrel, the price of oil will bounce. "Now OPEC just cuts 80 percent." If could fill 100 percent, the price would on USD 60 per barel.