The escalating political situations in Libya and Iran these past few weeks have instigated financial speculators in oil drive oil prices higher. Should the current conflicts continue, oil prices may hit more than US$120 per barrel.
Standard Chartered Bank Senior Economist Fauzi Ichsan said in a statement that Libya and Iran are two world's top oil producers. 'If the political conflicts in the two countries worsen, they may stop producing oil. As a result, oil prices may hike," he said today, Feb 21.
Fauzi believes that the situation will set off a snowball effect toward oil prices.
Today, he said, financial speculators have affected more in oil prices than the real sector. Those speculators will be monitoring how the two oil producing countries manage their political havoc.
"Given the global economic situation, oil prices are predicted to stay below US$100 per barrel if there are perfect solutions on the horizon," he said.
Sumber: VIVAnews
No comments:
Post a Comment