Hilbroy Advisory: Oil hovers below $105 after US crude supply jump
Submitted By: jfamyot1
Date: Wednesday, March 30, 2011
Rating: (Not rated)
Montreal, Quebec, March 29, 2011– Hilbroy Advisory Inc. (DeutcheBörse: 2H0) Hilbroy Advisory Reports:
After a report showed U.S. crude supplies rose more than expected last week, suggesting rising fuel costs may be crimping demand, oil prices hovered below $105 a barrel on Wednesday in Asia.
Benchmark crude for May delivery was down 24 cents to $104.55 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract settled at $104.79 after gaining 81 cents on Tuesday.
Crude has jumped about 24 percent since Feb. 15, raising concerns among investors that higher prices for gasoline and heating oil will eventually hurt demand.
In London, Brent crude was down 23 cents at $114.93 a barrel on the ICE futures exchange.
The American Petroleum Institute said late Tuesday that crude inventories rose 5.7 million barrels last week while analysts surveyed by Platts, the energy information arm of McGraw-Hill Cos., had forecast an increase of 2.2 million barrels. Inventories of gasoline fell 1.9 million barrels and distillates fell 112,000 barrels, the API said.
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.
Jean François Amyot
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Montreal, QC H4R 1X1
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