Srie Hartati

Oil fell as much as 1.7 percent to below $77 on Tuesday as forecasts indicated tropical storm Alex would skirt the main production region in the U.S. Gulf of Mexico, limiting disruption there to a few precautionary shutdowns.
The price drop accelerated with slumping Asian stock markets and a strengthening dollar. Shanghai's main index plunged 4 percent, while Japan's Nikkei was poised for its worst quarter since October-December 2008 as European debt worries curbed investors' risk appetite.
U.S. crude for August tumbled as much as $1.35 to $76.90 a barrel and was down $1.22 at $77.03 by 0622 GMT, extending Monday's 0.77 percent decline.
Prices have still climbed 19 percent from a May 20 trough below $65 and are about $10 lower than an early-May 19-month peak above $87. ICE Brent declined $1.01 on Tuesday to $76.58.
(ibtimes)