Seeking Alpha

Nymex crude oil rose $1.25 to finish at a four-month high $95.49/bbl after a steady advance on...

Nymex crude oil rose $1.25 to finish at a four-month high $95.49/bbl after a steady advance on bullish economic data (I, II) and supply concerns stemming from the hostage situation at the Algerian gas facility. Prices rose as high as $96.04 in afternoon action and settled with a 1.3% gain. Governments continue to scramble for information about the fate of their citizens in Algeria.
From other sites
Comments (2)
  • Larry Smith
    , contributor
    Comments (2689) | Send Message
     
    Supply concerns related to the Algerian gas field situation? They must be kidding!
    17 Jan 2013, 03:16 PM Reply Like
  • P. Dennis
    , contributor
    Comments (391) | Send Message
     
    No, it's supply concerns related to the ability of any of hundreds of organized terrorist groups to breach the fence lines of oil and gas facilities all over the world. For terrorists, this was a "teachable moment".
    17 Jan 2013, 03:52 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs