Now, the oil price has been dropped into the lowest price. One of the causes is the world oil market seems oversupplied by 1 million to 1.5 million barrels. But, some countries, like Indonesia, the oil price becomes expensive. Last month, we can get 1 liter of premium for Rp. 6.500,00 but now, we have to pay Rp. 8.500,00 to get 1 liter of premium.
I get it from businessinsider.co.id, Goldman Sachs analysts offer this chart of the history of crude oil prices and you can see the movement of oil price from 1861-2014. This infographic easy to understand even for high school students.
You see that? “For 2015, the oil price expected to fail further as the market searches for a new equilibrium.” But, what the Indonesian got from the fall of oil price? They must pay more expensive due to the oil price is more higher than last month.