Falklands : Hydrocarbons Daily Record (08/12/06)
Submitted by Falkland Islands News Network (Juanita Brock) 10.12.2006 (Article Archived on 24.12.2006)
Nigeria's terrorism and supplies in the United States helped to fluctuate crude prices today.
HYDROCARBONS DAILY RECORD: FRIDAY, 08 DECEMBER 2006
By J. Brock (FINN)
At 1800 LMT Friday, 08 December 2006 Light Sweet Crude fell .46 Cents on the New York Mercantile Exchange to stand at $62.03 and Brent Crude gained .93 Cents to stand at $63.50 on London’s ICE Futures Exchange.
TRENDS
Geopolitics in Nigeria as well as inventories in the United States helped to fluctuate the price of crude today.
THE MARKETS
FTSE
At the close of play on Friday, the FTSE 100 was up 20.92 points to settle 6,152.40 and the FTSE 250 gained 52.72 points to end at 10,944.00. FTSE Small Cap gained 28.55 points to settle at 3,770.90.
DOW JONES AND NASDAQ
At the end of play today the Dow Jones Index gained 29.08 points or 0.24% to settle at 12,307.49 and the NASDAQ gained 9.67 points or 0.40% to settle at 2,2437.36. The S&P500 was up 2.55 or 0.18% to settle at 1,409.84 and the NYSE gained 0.21 points or 0.00% to settle at 9,042.19.
DEVELOPING FACTORS:
.
DEVELOPING REGIONAL FACTORS:
(Bolivia )
On Thursday over 2500 delegates attended the Social Summit for the Integration of the Peoples in La Paz, Bolivia. The main focus of the conference was sharing energy resources and the benefits of nationalisation. Speeches by the Republic's Vice President Alvaro Garcia and Hydrocarbon Minister Carlos Villegas highlighted the conference. Another of the conference’s aims is to integrate regional trade in Latin America. All together there were 13 workshops dealing with ways to unify South American neighbours economically and socially. On Wednesday, some 3,000 representatives of Latin American peoples agreed to turn the Social Forum into a party of unity against the continent's neo-liberal models. The Social Forum will approve a Final Declaration on Saturday in the closing ceremony of the Summit, which is expected to be attended regional heads of State.
(Falkland Islands)
Share prices at the close of play on Thursday, 07 December 2006
Desire Petroleum Plc ended down 0.50 point or -1.36% on the day to settle at 36.25.
Falkland Oil and Gas Limited (FOGL) unchanged on the day to stand at 82.00.
Rockhopper Exploration ended unchanged on the day to settle at 40.50.
Borders &Southern ended down -0.25 or -0.63% on the day to stand at 39.75
Tullow Oil ended up 4.00 or 0.99% to stand at 409.00
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