Monday, 1 July 2024 07:20 WIB | OIL |Minyak WTIMinyak MentahMinyak Brent
Harga minyak sedikit berubah karena para pedagang mengukur prospek ekonomi Tiongkok dan risiko geopolitik di Eropa dan Timur Tengah.
Brent diperdagangkan sekitar $85 setelah naik hampir 6% bulan lalu, sementara West Texas Intermediate berada di bawah $82. Manufaktur Tiongkok mengalami kontraksi lebih lanjut pada bulan Juni, data resmi menunjukkan pada hari Minggu, mengaburkan prospek permintaan minyak mentah di importir terbesar dunia tersebut.
Oil was little changed as traders gauged China’s economic outlook and geopolitical risks in Europe and the Middle East.
Brent traded around $85 after rising almost 6% last month, while West Texas Intermediate was below $82. China’s manufacturing contracted further in June, official data showed on Sunday, clouding the outlook for crude demand in the world’s biggest importer.
In France, Marine Le Pen’s National Rally dominated the first round of legislative elections, adding to political risk in the region, while Israel’s Prime Minister Benjamin Netanyahu said he is committed to fighting Hamas until it’s eliminated. US President Joe Biden’s disastrous performance during the presidential debate and calls for him to quit are adding to the uncertainty.
Crude remains higher this year, with the latest upward move spurred by OPEC statements that its plans to revive production depend on market conditions. While spreads for both Brent and WTI are in a backwardated structure that suggests tightness and money managers are the most bullish on New York oil in 11 weeks, swelling US inventories have recently helped pare some of the optimism.
Brent for September settlement rose 0.1% to $85.11 a barrel at 8:08 a.m. in Singapore. WTI for August delivery advanced 0.1% to $81.64 a barrel.
Source : Bloomberg