(Bloomberg) -- Crude oil rose in New York on
speculation that yesterday's 2.4 percent drop in prices was
larger than justified, and after oil workers were kidnapped in
Nigeria, Africa's biggest producer.
``Some recovery is to be expected after the huge move we had
yesterday,'' said Tom Bentz, an oil broker with BNP Paribas Inc.
in New York. ``There are still plenty of bullish factors to be
concerned about. There are more kidnappings in Nigeria and
threats of strikes and violence, the Iran situation simmers and
gasoline supplies are tight.''
Read more at Bloomberg Energy News
speculation that yesterday's 2.4 percent drop in prices was
larger than justified, and after oil workers were kidnapped in
Nigeria, Africa's biggest producer.
``Some recovery is to be expected after the huge move we had
yesterday,'' said Tom Bentz, an oil broker with BNP Paribas Inc.
in New York. ``There are still plenty of bullish factors to be
concerned about. There are more kidnappings in Nigeria and
threats of strikes and violence, the Iran situation simmers and
gasoline supplies are tight.''
Read more at Bloomberg Energy News
No comments:
Post a Comment