| |
Newsroom /
Business
/
Business
/
Hilbroy Advisory: Oil Raises Above $100 After Surprise US Supply Drop
Hilbroy Advisory: Oil Raises Above $100 After Surprise US Supply Drop
The Energy Department's Energy Information Administration reports its weekly supply data later Wednesday.
Montreal,
Quebec,
Canada
(prbd.net)
02/03/2011
Montreal, Quebec, March 1, 2011– Hilbroy Advisory Inc. (DeutcheBörse: 2H0) Hilbroy Advisory Reports: Oil prices goes up $100 a barrel Wednesday in Asia as a report showed U.S. crude and gasoline supplies unexpectedly dropped last week, suggesting demand may be improving.
Benchmark crude for April delivery was up 51 cents at $100.14 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose $2.66 to settle at $99.63 on Tuesday.
In London, Brent crude for April delivery was up 23 cents to $115.65 a barrel on the ICE Futures exchange.
The American Petroleum Institute said late Tuesday that crude inventories fell 1.1 million barrels last week while analysts surveyed by Platts, the energy information arm of McGraw-Hill Cos., had forecast an increase of 1.6 million barrels. Inventories of gasoline fell 4.9 million barrels and distillates fell 1.4 million barrels, the API said.
The Energy Department's Energy Information Administration reports its weekly supply data later Wednesday.
Traders are watching closely Libya, where fighting between supporters and opponents of Moammar Gadhafi has cut oil production in the OPEC nation in half. Investors are also concerned violent protests and political upheaval could break out in the rest of the region since Iran, Iraq, the United Arab Emirates, Kuwait, Bahrain, Qatar, Oman and Saudi Arabia have more than 60 percent of the world's proven oil reserves.
In other Nymex trading in April contracts, heating oil rose 0.7 cents to $3.03 a gallon, and gasoline gained 1.9 cents to $3.00 a gallon. Natural gas futures were down 2.5 cent at $3.85 per 1,000 cubic feet.
About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential.
Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
• Go Public strategy,
• Debt and or equity financing
• Identify prospective investors
• Hire investor relations firm
• Cross listing decisions
• Planning road-shows and promotional campaigns.
Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.
Contact:
Jean François Amyot
HilbroyAdvisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
info@hilbroyadvisory.com
www.hilbroyadvisory.com
Tel: 514-334-3131
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates", "believes", "could", "expects", "intends", "may", "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
About
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential.
|