Shares of Energy Stocks rose; Crude-oil prices firm above $45
Energy stocks strengthened as a result of rise in crude-oil prices. April crude rose as high as $46.76 per barrel in electronic trading on Globex. They were recently up 84 cents at $46.36 a barrel.
Robert Tony Nunan, an assistant general manager at Mitsubishi Corp. in Tokyo, said:
With oil prices able to stage a strong rally on Friday despite the dismal 651,000 U.S jobs loss report, I think there is a greater feeling now that a bottom for oil prices has been put in.
For full story, click here
Comment |
|
Tweet |
|
All content Copright 2011 Dig Media Inc. Disclaimer
Email
Print
Reproduction Request
Sun, Mar 8, 2009
Post by Mike Rodger, Oil Reporter