What is the low end of the oil price range now?
*Reuters, by Natsuko Waki, September 8, 2006:
"LONDON (Reuters) - Oil prices hit a 5-month low on Friday, boosting
European shares, while the yen set a one-month high against the euro on
expectations the currency would be on the agenda of a Group of Seven
financial chiefs meeting.
U.S. Treasuries steadied ahead of a speech on inflation by Cleveland
Federal Reserve President Sandra Pianalto for clues about whether the
Fed would leave interest rates steady at this month's meeting having
left them unchanged in August.
Crude fell as low as $66.99 a barrel as supply concerns eased after
U.S. distillate supplies rose sharply and BP said it might be able to
restore its Alaskan oilfield sooner than expected.
Falling oil prices heartened European shares, with the FTSEurofirst
300 index of leading European shares rising 0.4 percent to
1,357.40, after falling as much as 2.3 percent this week on the
uncertain U.S. interest rate outlook.
*This information is solely a highlight of the opinion of a third-party publication and is incomplete. Please subscribe to this publication for the full and timely opinion of the author and call a Monex Account Representative for any additional up-to-date information. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.
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