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Despite Middle East violence (I, II) dominating today's news and U.S. oil inventories...

Despite Middle East violence (I, II) dominating today's news and U.S. oil inventories unexpectedly rising, Brent crude rose 0.2% and West Texas futures fell, while stocks with exposure to Libyan and Egyptian oil made little noise. Eni (E) and Total (TOT), European producers with exposure to Libya, inched higher; Apache (APA), with significant production in Egypt, rose 0.8%.
Comments (2)
  • User 353732
    , contributor
    Comments (4785) | Send Message
     
    There have been wars and rumors of wars in the ME for over 40 years now. During this time significant physical disruptions in crude, products and natural gas have been both rare and transient.

     

    The thugs, tyrants and terrorists that occupy the ME all derive their leverage and money from the continued flow of energy. Without the exports they have nothing to financially sustain their hate and violence.
    13 Sep 2012, 05:19 AM Reply Like
  • PalmDesertRat
    , contributor
    Comments (2584) | Send Message
     
    took some apa profits today at 92.44
    13 Sep 2012, 01:53 PM Reply Like
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