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The Second Wave Of Corona Ancam Demand, The Price Of Oil Rose Slightly

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The Second Wave Of Corona Ancam Demand, The Price Of Oil Rose Slightly

world crude oil Prices still rose in thin trading on Monday (22/6) morning time Indonesia is in the midst of the tight supply from the major manufacturers. Even so, the price is still overshadowed concern the threat of the second wave of the spread of corona virus in the world that can hinder a recovery in energy demand.

the Tightness of oil supplies from the major manufacturers of the world because of the number of rigs drilling for oil and natural gas that operates down to a record low in the United States (U.S.) and Canada, although a number of manufacturers have started to drill again along with oil prices moving up.

But the threat of a second wave of covid-19 in the world make the rise in oil prices to be limited. "Efforts to prevent a second wave of Covid-19 potentially hit the economy. Investors become more cautious," said market analyst of CMC Markets, Michael McCarthy, as quoted by Reuters.

this Article has been published in Katadata.co.id with the title "the Second Wave of Corona Ancam Demand, Oil Prices edged Up" , https://katadata.co.id/berita/2020/06/22/gelombang-kedua-corona-ancam-permintaan-harga-minyak-naik-tipis
Author: Verda Nano Setiawan
Editor: Happy Fajrian

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