WTI Trades Near 14-Month High as Supply Drops Amid Egypt Unrest

West Texas Intermediate crude traded near the highest price in 14 months as U.S. stockpiles fell the most this year and the ouster of Egypt’s president fanned concern unrest will disrupt Middle East oil supply.

Futures were little changed in New York after advancing for a third day yesterday. U.S. crude inventories declined by 10.3 million barrels last week, a government report showed. They were projected to drop by 2.25 million, according to a Bloomberg News survey. Egypt’s army forced Mohamed Mursi from power a year after his election, boosting speculation that the political turmoil may interrupt flows along the Suez Canal or Suez-Med pipeline running through the country.

WTI for August delivery was at $101.32 a barrel, up 8 cents, in electronic trading on the New York Mercantile Exchange at 9:43 a.m. Sydney time. The volume of all futures traded was 68 percent below the 100-day average. The contract rose $1.64, or 1.7 percent, to $101.24 yesterday, the highest settlement since May, 2012.

Brent for August settlement gained $1.76, or 1.7 percent, to $105.76 a barrel on the London-based ICE Futures Europe exchange yesterday. The European benchmark grade ended the session at a premium of $4.52 to WTI futures. It closed at $4.40 on July 2, the narrowest spread since Jan. 4, 2011.

U.S. gasoline supplies declined by 1.7 million barrels last week, the Energy Information Administration said. They were forecast to increase by 700,000 barrels, according to the median estimate of 11 analysts in the Bloomberg survey.

(Sumber: Bloomberg)

Perdagangan Berjangka

Perdagangan Berjangka adalah suatu sistem perdagangan yang dilakukan dalam bentuk perdagangan kontrak standar meliputi komoditi, emas,index saham dan forex yang dapat diperjual-belikan sebelum kontrak tersebut jatuh tempo. Kontrak tersebut dapat diperjual-belikan berulang kali melalui JALATAMA sebelum jatuh tempo penyerahan barang sesuai dengan keinginan pelaku pasar.

Dewasa ini perdagangan berjangka sudah menjadi primadona baru yang sangat menarik bagi kalangan nasabah yang selama ini berinvestasi di perdagangan saham, reksadana ataupun perdagangan fisik lainnya. Di pihak lain, para pebisnis pendatang baru juga sudah mulai meramaikan bisnis perdagangan berjangka, setelah selama ini menjadi salah satu lahan perbankan dan fund manager dalam mencetak income (revenue)

Dengan akses global, sarana pendukung dan SDM handal yang dimiliki, PT. Jalatama Artha Berjangka mendorong para nasabah untuk dapat memanfaatkan perdagangan berjangka sebagai sarana investasi, pengalihan resiko (transfer of risk) melalui tindakan lindung nilai (hedging) dan mendapatkan referensi harga dari pembentukan harga yang transparan (price discovery).

Gold Traders Seeking Floor After $66 Billion Rout

 Gold has further to drop in the rout that erased $66 billion from the value of investor holdings and took prices below the level some mines need to break even.

The metal fell to a 34-month low of $1,180.50 an ounce on June 28. Goldman Sachs Group Inc. says bullion will reach $1,050 by the end of 2014 and Credit Suisse Group AG anticipates $1,150 in about 12 months. Danske Bank A/S, the most-accurate gold forecaster tracked by Bloomberg over the past two years, predicts $1,000 in three months. Banks from Morgan Stanley to BNP Paribas SA to UBS AG cut their forecasts last month.

That reflects the biggest quarterly slump in at least nine decades as some investors lost faith in bullion as a store of value. With the total cost of producing an ounce of gold now averaging about $1,200 and billions written off the value of mining assets, some analysts anticipate contracting supply in the next several years that may help halt the retreat.

(Source: Bloomberg)