Dominion Lending Centres Clearlease Reports Oil drops on Goldman Sachs demand warning and Libya cease-fire talk

Dominion Lending Centres Clearlease Reports Oil drops on Goldman Sachs demand warning and Libya cease-fire talks

NEW YORK, N.Y. – (April 12, 2011) Clearlease.com Reports Oil fell Monday after Libya’s Moammar Gadhafi appeared to accept a cease-fire plan with rebel forces, increasing the chances that Libyan crude ill return to world markets soon.

Crude prices were also pushed down as the International Monetary Fund cut its forecast for U.S. growth this year and Goldman Sachs warned that consumers in the U.S. are starting to conserve energy in the face of high oil prices.

Benchmark West Texas Intermediate crude for May delivery lost US$2.87 to settle at $109.92 per barrel on the New York Mercantile Exchange. Earlier in the day, crude rose as high as $113.46 per barrel, the highest level since September 2008.

The drop followed news over the weekend that Gadhafi had accepted a “road map” to a cease-fire from a delegation of African leaders. Experts say most of Libya’s exports will be shut down for months, until the country sees some political stability. Traders considered the cease-fire plan a sign that oil will once again leave the country. Most of Libya’s oil went to refineries in Europe.

“A cease-fire could ultimately lead to a stable enough environment that could accommodate at least some oil production” in Libya, analyst Jim Ritterbusch said. Before the rebellion broke out, Libya produced about 1.6 million barrels of oil per day and supplied nearly two per cent of world demand.

Goldman Sachs analyst Jeffrey Currie recommended that investors stop buying a specific oil contract that the investment bank had previously recommended. Currie said the U.S. appears to have started cutting oil consumption as consumers face higher prices for gasoline and other petroleum-based fuels. Currie focused on the oil contract for December delivery, but investors will likely take that as a general recommendation to sell, analyst Stephen Schork said. Goldman Sachs is a major player in oil markets and it has been one of the most vocal about the potential for oil to rise this year, Schork said.

“They’re one of the big guys that everyone follows, and they have a tremendous influence on what other people do,” Schork said.

The International Monetary Fund lowered its forecast for U.S. growth this year to reflect the increased burden of higher oil prices. The IMF said the economy of the world’s largest oil consumer will expand by 2.8 per cent this year, down 0.2 percentage point from the IMF projection in January.

In other Nymex trading for May contracts, heating oil lost 6.72 cents to settle at $3.2525 per gallon and gasoline futures dropped 6.02 cents to settle at $3.2005 per gallon. Natural gas gained 6.7 cents to settle at $4.108 per 1,000 cubic feet.

In London, Brent crude gave up $2.70 to settle at $123.42 per barrel on the ICE Futures exchange.

———

(TSX:ECA, TSX:IMO, TSX:SU, TSX:HSE, NYSE:BP, NYSE:COP, NYSE:XOM, NYSE:CVX, TSX:CNQ, TSX:TLM, TSX:COS.UN, TSX:CVE)

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

We offer a simple application process available at http://clearlease.com/How-to-Apply.html .

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###
Dominion Lending Centres Clearlease Reports Oil drops on Goldman Sachs demand warning and Libya cease-fire talks

NEW YORK, N.Y. – (April 12, 2011) Clearlease.com Reports Oil fell Monday after Libya’s Moammar Gadhafi appeared to accept a cease-fire plan with rebel forces, increasing the chances that Libyan crude ill return to world markets soon.

Crude prices were also pushed down as the International Monetary Fund cut its forecast for U.S. growth this year and Goldman Sachs warned that consumers in the U.S. are starting to conserve energy in the face of high oil prices.

Benchmark West Texas Intermediate crude for May delivery lost US$2.87 to settle at $109.92 per barrel on the New York Mercantile Exchange. Earlier in the day, crude rose as high as $113.46 per barrel, the highest level since September 2008.

The drop followed news over the weekend that Gadhafi had accepted a “road map” to a cease-fire from a delegation of African leaders. Experts say most of Libya’s exports will be shut down for months, until the country sees some political stability. Traders considered the cease-fire plan a sign that oil will once again leave the country. Most of Libya’s oil went to refineries in Europe.

“A cease-fire could ultimately lead to a stable enough environment that could accommodate at least some oil production” in Libya, analyst Jim Ritterbusch said. Before the rebellion broke out, Libya produced about 1.6 million barrels of oil per day and supplied nearly two per cent of world demand.

Goldman Sachs analyst Jeffrey Currie recommended that investors stop buying a specific oil contract that the investment bank had previously recommended. Currie said the U.S. appears to have started cutting oil consumption as consumers face higher prices for gasoline and other petroleum-based fuels. Currie focused on the oil contract for December delivery, but investors will likely take that as a general recommendation to sell, analyst Stephen Schork said. Goldman Sachs is a major player in oil markets and it has been one of the most vocal about the potential for oil to rise this year, Schork said.

“They’re one of the big guys that everyone follows, and they have a tremendous influence on what other people do,” Schork said.

The International Monetary Fund lowered its forecast for U.S. growth this year to reflect the increased burden of higher oil prices. The IMF said the economy of the world’s largest oil consumer will expand by 2.8 per cent this year, down 0.2 percentage point from the IMF projection in January.

In other Nymex trading for May contracts, heating oil lost 6.72 cents to settle at $3.2525 per gallon and gasoline futures dropped 6.02 cents to settle at $3.2005 per gallon. Natural gas gained 6.7 cents to settle at $4.108 per 1,000 cubic feet.

In London, Brent crude gave up $2.70 to settle at $123.42 per barrel on the ICE Futures exchange.

———

(TSX:ECA, TSX:IMO, TSX:SU, TSX:HSE, NYSE:BP, NYSE:COP, NYSE:XOM, NYSE:CVX, TSX:CNQ, TSX:TLM, TSX:COS.UN, TSX:CVE)

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

We offer a simple application process available at http://clearlease.com/How-to-Apply.html .

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###Dominion Lending Centres Clearlease Reports Oil drops on Goldman Sachs demand warning and Libya cease-fire talks

NEW YORK, N.Y. – (April 12, 2011) Clearlease.com Reports Oil fell Monday after Libya’s Moammar Gadhafi appeared to accept a cease-fire plan with rebel forces, increasing the chances that Libyan crude ill return to world markets soon.

Crude prices were also pushed down as the International Monetary Fund cut its forecast for U.S. growth this year and Goldman Sachs warned that consumers in the U.S. are starting to conserve energy in the face of high oil prices.

Benchmark West Texas Intermediate crude for May delivery lost US$2.87 to settle at $109.92 per barrel on the New York Mercantile Exchange. Earlier in the day, crude rose as high as $113.46 per barrel, the highest level since September 2008.

The drop followed news over the weekend that Gadhafi had accepted a “road map” to a cease-fire from a delegation of African leaders. Experts say most of Libya’s exports will be shut down for months, until the country sees some political stability. Traders considered the cease-fire plan a sign that oil will once again leave the country. Most of Libya’s oil went to refineries in Europe.

“A cease-fire could ultimately lead to a stable enough environment that could accommodate at least some oil production” in Libya, analyst Jim Ritterbusch said. Before the rebellion broke out, Libya produced about 1.6 million barrels of oil per day and supplied nearly two per cent of world demand.

Goldman Sachs analyst Jeffrey Currie recommended that investors stop buying a specific oil contract that the investment bank had previously recommended. Currie said the U.S. appears to have started cutting oil consumption as consumers face higher prices for gasoline and other petroleum-based fuels. Currie focused on the oil contract for December delivery, but investors will likely take that as a general recommendation to sell, analyst Stephen Schork said. Goldman Sachs is a major player in oil markets and it has been one of the most vocal about the potential for oil to rise this year, Schork said.

“They’re one of the big guys that everyone follows, and they have a tremendous influence on what other people do,” Schork said.

The International Monetary Fund lowered its forecast for U.S. growth this year to reflect the increased burden of higher oil prices. The IMF said the economy of the world’s largest oil consumer will expand by 2.8 per cent this year, down 0.2 percentage point from the IMF projection in January.

In other Nymex trading for May contracts, heating oil lost 6.72 cents to settle at $3.2525 per gallon and gasoline futures dropped 6.02 cents to settle at $3.2005 per gallon. Natural gas gained 6.7 cents to settle at $4.108 per 1,000 cubic feet.

In London, Brent crude gave up $2.70 to settle at $123.42 per barrel on the ICE Futures exchange.

———

(TSX:ECA, TSX:IMO, TSX:SU, TSX:HSE, NYSE:BP, NYSE:COP, NYSE:XOM, NYSE:CVX, TSX:CNQ, TSX:TLM, TSX:COS.UN, TSX:CVE)

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

We offer a simple application process available at http://clearlease.com/How-to-Apply.html .

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###



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