RI's crude oil prices fall

RI's crude oil prices fall

TOKYO (Dow Jones): Unofficial prices for Indonesian crude grades for December have all plummeted from official November levels, according to industry calculations released Monday.

For most grades, price declines ranged from US$1.65 to $2.21 a barrel.

Indonesia's state-owned oil company Pertamina has yet to approve the calculations as official Indonesian Crude Price figures. The company usually adopts the prices indicated by its own formula several weeks after the unofficial prices are calculated.

Sumatra Light Crude, or Minas, for December is unofficially set at $9.92 per barrel, down $1.65 from its November ICP of $11.57 per barrel. Duri fell to $8.90 per barrel, down by $1.90 from $10.80 in November. Widuri is at $9.23 per barrel, down $1.75 from $10.98 in November.

Cinta is at $9.47 per barrel unofficially, down $1.76 from $11.23 in November. Belida for December is at $10.54 per barrel, down $2.21 from $12.75 in November.