Falklands : Hydrocarbons Daily Record Sunday, 10 February 2008
Submitted by Falkland Islands News Network (Juanita Brock) 10.02.2008 (Article Archived on 24.02.2008)
Geopolitical concerns in Nigeria have caused crude prices to increase significantly over the weekend.
HYDROCARBONS DAILY RECORD SUNDAY, 10 FEBRUARY 2008
By J. Brock (FINN)
At 1930hrs LMT on Friday, 08 February 2008 Light Sweet Crude was trading at $91.77 up $3.66 on the New York Mercantile Exchange. Brent Crude was trading at $91.44 up $3.33 on Londonís ICE Futures Market.
Fears about the geopolitical situation in Nigeria have caused the price of crude to rise today. This does no good to the debate as to whether or not the US is in a recession. High crude prices have been the back breaking hair and soon those who can afford it will seek energy efficient alternatives. Those who canít will buy less hydrocarbons products. Chances are that the tiger economies will also feel the pinch. This whole greedy scenario could be avoided if crude prices lowered significantly.
SHARE PRICES AND THE MARKETS:
SHARE PRICES ON THE ALTERNATIVE INVESTMENT MARKET: Friday, 08 February 2008.
TLW: 590.50 up 4.00, DES: 28.00 down 0.75, FOGL: 119.00 down 0.50, RKH: 48.50 unchanged, BOR: 30.25 down 0.25, PRE: 13.25 down 0.25, GBP: 7.13 unchanged, GPK: 427.00 up 3.00, BLT 1499.00 up 30.00, RDSA: 1724.00 up 3.00, RDSB: 1688.00 up 9.00, RDSD: 39.21 unchanged (Trading in Euros)
New York Stock Exchange:
XOM: 81.71 down 0.21 (Trading in USD)
THE MARKETS (07/02/08)
FTSE100: 5.724.10 down 151.27, FTSE250: 9,807.50 up 43.27 SmallCap: 3,140.10 up 24.00.
DJI: 12,182.13 down 64.87, NASDAQ: 2,304.85 up 11.82 S&P500: 1,311.29 down 5.62
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