Jakarta, CNBC Indonesia – World oil prices fell in trading this morning. What happened?
On Tuesday (12/21/2021) at 07:48 WIB, the price of Brent oil was at US$ 71.52/barrel. Dropped 2.72% compared to the previous day’s position.
Meanwhile, the light sweet type costs US$ 68.23/barrel. Slump 3.71%.
The spread of the omicron variant of the corona virus so quickly made oil prices ‘slipped’. A number of European countries were confused by this variant which was first detected in South Africa.
Last weekend, the Dutch government officially imposed a regional quarantine alias lockdown. In Rotterdam, the security forces acted decisively by firing water cannons at around 1,000 fans who had gathered waiting for Feyenoord’s classic football match against Ajax Amsterdam. Since the end of last month, spectators are no longer allowed to watch the ball-balan in the stadium.
Lockdown in the Netherlands is very strict. There should be no gathering of more than two people outside the room. Bars, restaurants, must also close their doors for customers who want to eat and drink on site.
In the UK, Prime Minister Boris Johnson opened up the option of imposing strict social restrictions. “I have to say to the British people, to everyone, we will not rule out taking any further measures to protect the public,” Johnson said.
Will the UK government limit tourism activities during the Christmas-New Year’s Heart holiday season?
“We can apply any policy. We will not rule out all possibilities,” said Johnson.
This development has investors worried. Shadow will lockdown that sweeps across the globe is a very real risk.
When people’s mobility is limited, the consumption of fuel oil (BBM) automatically decreases. So it is not surprising that oil prices have collapsed.
“This (price correction) is a spontaneous reaction to the spread of the virus. There is fear lockdown will be more widespread, “said Andrew Lipow, President of Lipow Oil Associates LLC, as reported by Reuters.
CNBC INDONESIA RESEARCH TEAM
(aji / aji)
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