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Jakarta, CNBC Indonesia – The price of crude oil has changed to $ 52 a barrel. One of the reasons is the signing of an aid package for the coronavirus by the president of the United States, Donald Trump.
This is also due to the vaccination campaign in Europe, which raises fears of weaker demand in the short term.
The previous price of Brent was $ 52.02 to $ 51.97. Meanwhile, West Texas Intermendiate or WTI added 1.4% to US $ 48.92.
OANDA analyst Jeffrey Halley said Trump’s signing of the rules is likely an improvement measure.
“That would put the price below oil in a short week,” he was quoted as saying by Reuters on Monday (12/28/2020).
Previously, oil prices rebounded. Brent hit $ 52.48, a high last seen in March before the pandemic spread.
But now a new variant of the virus is emerging, which could cause volatility in oil prices and affect demand in the short term.
Furthermore, the uncertainty about the continuation of the virus is likely to affect oil as well. According to Stephen Innes, Axi’s director of global market strategy, oil prices will remain vulnerable when virus control is not developed.
Before finally accepting the signature, Trump threatened to block the pandemic aid package. This includes spending that reaches $ 2.3 trillion.
[Gambas:Video CNBC]
(Roy / Roy)
