Two years $ 98 high strike Brent crude oil

The Department of energy high its forecast 88.02 million barrels of oil consumption daily 87.78 m, estimated month last Photo: Reuters

Prices rose partly due to a leak in the main pipeline in Alaska, which carries one sixth of the American oil. Autour 95pc of production in the region ceased northern slopes and pipeline operator only restarts it on Wednesday at a lower than normal flow.

"There are a few good reasons which could explain and verify high oil prices" said Myrto Sokou Sucden financial analyst. "The recent trapped in pipeline Trans Alaska key predictions on the conditions of the winter in the North East, as well as strong stock markets could provide support to crude oil prices." It might be fairly quickly we can see the price of oil at $100 level. »

However, experts added Wednesday that failures and cold U.S. do not explain fully the recent spike, especially considering the difference of $6 in European and us compare the price of oil.

It came because the price of oil in London, Brent Crude, called growing faster than the price of crude oil from U.S., known as West Texas Intermediate (WTI).

Brent is regarded as a top scorer of the international application as WTI, which is a crude landlocked stored away from the coast mainly reflecting U.S. demand.

Global appetite for oil is growing. The Department of energy high its forecast 88.02 million barrels of oil consumption daily 87.78 m, estimated last month.

Speculators can also be targeted at the oil price London, betting that the price will go above $ 100. Global hedge funds have pumped millions of books in the future of oil pushing the number of contracts held by financial traders to a maximum of four years.

Looking for a career in the energy sector? Telegraph jobs currently has a large number of energy and utilities and oil and gas vacancies listed

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Blue-chips slide as minors strike benefits

Miners suffered profits taken once executed a strong with Anglo American, BHP Billiton and natural resources of the Corporation lose 19½ 906 p, 56 percent to £ 21.96½ and 52 percent to £ 29.30 respectively.

Insurers were also favour after Bank of America Merrill Lynch downgraded its ratings on four companies in the sector, primarily citing reasons for evaluation.The broker reduces legal & General position of "buy" to "neutral", in the wake of doing well in the latest mois.Juridique & general actions fell 1.3 101½p.

Standard Life and Old Mutual "neutral" from "buy", also cut analysts by reducing its price target to 160 p 155 p but leaving the target unchanged old price 250 p.Standard Life declined by 0.7 percent 226.3 and Old Mutual dropped 3.3 1 p. Aviva, cut to "underperform" from "neutral", lost 1.2 percent 399.6.

Negative sense extended to banks, where the concerns of the own funds requirements persisted.Lost Barclays 4 p 277.35 and Standard Chartered throw 16½ £ 17.89½.

On a positive note, exploiting that Carnival cruise plot an increase of 114% to £ 27.68 upwards the leader board as counterpart listed U.S., Royal Caribbean Cruises, raised its expected benefit.

Reckitt Benckiser is are strengthened to 18 per cent to £ 34.36 after winning the conditional end EU regulatory approval Monday to buy SSL, the manufacturer of the Durex condoms and sandals Scholl.Goldman Sachs raised its rating "buy" to "neutral", adding to their list of purchase "belief" Reckitt

"The acquisition of SSL channels double us our earnings by share forecast for Reckitt Benckiser for the next five years, growth of 5mC 10pc," said analystes.Le broker added that the acquisition has also increased exposure of Reckitt growth and margin and health care personal higher classes.

However, consumer peer Reckitt, Unilever, came under pressure, falling from 44% to £ 18.12 after a cautious note of Jefferies Cup parsley manufacturer to "hold" to "buy" ahead of a trading update third quarter on 4 November."With winds, declining economies and continuous price relatively low entry-level price we cut our assumptions of average EBITDA margin basis points 45 per year," said the broker, reduce its price target for Unilever £ 20.50 of £ 20.82.

Cairn Energy, ARM Holdings was vying for the dubious honour lead league table of the losers of the.The manufacturer of the chip has lost 23 366.2% after its third-quarter results were eclipsed by a warning from one of its customers who might be weakening of the demande.Pesant on cairn, lost 29½ 382½p take the wooden spoon is a new it put an end to the drilling of a well in Greenland.

Would include stocks of oil AIM, hangar Valiant Petroleum 140 p - or 18 7pc - 610 p after saying abandon his exploration of Northern Viola as well as the dry hole.But Oriel retained their "buy" rating securities analysts"North Viola was a target high-impact and actions benefited by executing the résultat.Ils prediction will obviously take on the announcement, but must be supported by the fundamental value of Don fields continue to be very cash generative, said broker."

Desire petroleum lost investors 66¾p 4¼ ropes on the prospects for his "Rachel" despite the company saying that drilling progresses towards its depth expected.

FTSE 250 mid-cap - index that yesterday the retardataires.Il throw points 37.42 10940.72 - Fidessa lead has slipped p 138 to £ 15.84 after warning that some companies have been delay spending decisions, prompting dealers reduce their ratings on commercial software company.

Numis Securities Fidessa problem to "hold" to "buy" and KBC Peel Hunt analysts also reduced their rating. "We are a buyer long-term Fidessa, but go to a commercial sale on repeated orientation and recent actions rises, said the broker.

Other grouped stocks were also affected by broker downgrades.Regus dropped 3.05 p 83.1 after Panmure Gordon downgraded to "hold" to "buy".WS Atkins has come under pressure falling 17½ % 775 after RBS downgraded to "hold" to "buy", engineering consultancy citing concerns about the impact of global spending on public sector business revenues review too.

But having a better day was Brit Insurance reaches 24 p £ 10 h 45 after accepted a formal offer to companies Apollo Management buyout and CVC Capital Partners.

View the original article here

Blue-chips slide as minors strike benefits

Miners suffered profits taken once executed a strong with Anglo American, BHP Billiton and natural resources of the Corporation lose 19½ 906 p, 56 percent to £ 21.96½ and 52 percent to £ 29.30 respectively.

Insurers were also favour after Bank of America Merrill Lynch downgraded its ratings on four companies in the sector, primarily citing reasons for evaluation.The broker reduces legal & General position of "buy" to "neutral", in the wake of doing well in the latest mois.Juridique & general actions fell 1.3 101½p.

Standard Life and Old Mutual "neutral" from "buy", also cut analysts by reducing its price target to 160 p 155 p but leaving the target unchanged old price 250 p.Standard Life declined by 0.7 percent 226.3 and Old Mutual dropped 3.3 1 p. Aviva, cut to "underperform" from "neutral", lost 1.2 percent 399.6.

Negative sense extended to banks, where the concerns of the own funds requirements persisted.Lost Barclays 4 p 277.35 and Standard Chartered throw 16½ £ 17.89½.

On a positive note, exploiting that Carnival cruise plot an increase of 114% to £ 27.68 upwards the leader board as counterpart listed U.S., Royal Caribbean Cruises, raised its expected benefit.

Reckitt Benckiser is are strengthened to 18 per cent to £ 34.36 after winning the conditional end EU regulatory approval Monday to buy SSL, the manufacturer of the Durex condoms and sandals Scholl.Goldman Sachs raised its rating "buy" to "neutral", adding to their list of purchase "belief" Reckitt

"The acquisition of SSL channels double us our earnings by share forecast for Reckitt Benckiser for the next five years, growth of 5mC 10pc," said analystes.Le broker added that the acquisition has also increased exposure of Reckitt growth and margin and health care personal higher classes.

However, consumer peer Reckitt, Unilever, came under pressure, falling from 44% to £ 18.12 after a cautious note of Jefferies Cup parsley manufacturer to "hold" to "buy" ahead of a trading update third quarter on 4 November."With winds, declining economies and continuous price relatively low entry-level price we cut our assumptions of average EBITDA margin basis points 45 per year," said the broker, reduce its price target for Unilever £ 20.50 of £ 20.82.

Cairn Energy, ARM Holdings was vying for the dubious honour lead league table of the losers of the.The manufacturer of the chip has lost 23 366.2% after its third-quarter results were eclipsed by a warning from one of its customers who might be weakening of the demande.Pesant on cairn, lost 29½ 382½p take the wooden spoon is a new it put an end to the drilling of a well in Greenland.

Would include stocks of oil AIM, hangar Valiant Petroleum 140 p - or 18 7pc - 610 p after saying abandon his exploration of Northern Viola as well as the dry hole.But Oriel retained their "buy" rating securities analysts"North Viola was a target high-impact and actions benefited by executing the résultat.Ils prediction will obviously take on the announcement, but must be supported by the fundamental value of Don fields continue to be very cash generative, said broker."

Desire petroleum lost investors 66¾p 4¼ ropes on the prospects for his "Rachel" despite the company saying that drilling progresses towards its depth expected.

FTSE 250 mid-cap - index that yesterday the retardataires.Il throw points 37.42 10940.72 - Fidessa lead has slipped p 138 to £ 15.84 after warning that some companies have been delay spending decisions, prompting dealers reduce their ratings on commercial software company.

Numis Securities Fidessa problem to "hold" to "buy" and KBC Peel Hunt analysts also reduced their rating. "We are a buyer long-term Fidessa, but go to a commercial sale on repeated orientation and recent actions rises, said the broker.

Other grouped stocks were also affected by broker downgrades.Regus dropped 3.05 p 83.1 after Panmure Gordon downgraded to "hold" to "buy".WS Atkins has come under pressure falling 17½ % 775 after RBS downgraded to "hold" to "buy", engineering consultancy citing concerns about the impact of global spending on public sector business revenues review too.

But having a better day was Brit Insurance reaches 24 p £ 10 h 45 after accepted a formal offer to companies Apollo Management buyout and CVC Capital Partners.

View the original article here