Montreal, Quebec, April 25th, 2011– Hilbroy Advisory Inc. (DeutcheBörse: 2H0) Hilbroy Advisory Reports: Oil prices rose to near $113 a barrel Monday in Asia after Libyan rebels said they won’t produce crude for at least a month as they repair fields damaged in fighting.
Benchmark crude for June delivery was up 52 cents at $112.81 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange.
Oil markets were closed Friday for the Easter holiday. The June contract last settled up 84 cents at $112.29 on Thursday.
In London, Brent crude for June delivery was up 37 cents to $124.36 a barrel on the ICE Futures exchange.
Fighting between forces loyal to Moammar Gadhafi and rebels has shutdown almost all of the OPEC nation’s 1.6 million barrels a day of oil output and contributed to a 34 percent gain in crude prices since mid-February.
Rebels said Sunday that they will need at least four weeks to fix equipment at the key Messla and Sarir oil fields in the rebel-controlled east.
Rising crude prices have pushed gasoline above $4 a gallon in some U.S. states. On Saturday, President Barack Obama said the U.S. must develop alternatives to fossil fuel and renewed calls to end $4 billion in subsidies for oil and gas companies.
Traders are also closely watching this week for comments by the Federal Reserve at its Wednesday meeting and the latest U.S. gross domestic product figures scheduled to be released Thursday.
Last week, signs of growing oil consumption in China and an unexpected drop in U.S. crude supplies helped lift prices to near two and a half year highs.
In other Nymex trading in May contracts, heating oil rose 2 cents to $3.23 a gallon and gasoline was flat at $3.31 a gallon. Natural gas futures were up 1 cent at $4.43 per 1,000 cubic feet.
About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential.
Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
- Go Public strategy,
- Debt and or equity financing
- Identify prospective investors
- Hire investor relations firm
- Cross listing decisions
- Planning road-shows and promotional campaigns.
Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.
Jean François Amyot
1400 rue Begin
Montreal, QC H4R 1X1
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