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10/20/11

Stocks sag as oil producers of black gold price declines?

JAKARTA. Energy-based stocks this morning eroded. Take for example, shares of PT Medco Energy International (MEDC). At10:41
, the stock recorded MEDC down 3.3% to Rp 2,200. In addition, shares of PT Energi Mega Persada (ENRG) alsorecorded a 2.99% decline to $ 162.

Decline in energy stocks slump in line with world prices of oilcontracts. For information, contract price of world oil forNovember delivery dropped 2.5% to U.S. $ 86.11 sebarelyesterday on the New York Mercantile Exchange.
source:kontan.co.id
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