Dominion Lending Centres Clearlease Reports Osama Bin Laden DEAD Oil on the Rise
VANCOUVER, BRITISH COLUMBIA – (May 2, 2011) Clearlease Reports Oil prices are rising again after falling below US$111 a barrel on news that U.S. forces killed al-Qaida leader Osama bin Laden .
Benchmark oil for June delivery rose 24 cents to $114.17 a barrel in Monday morning trading on the New York Mercantile Exchange. In London, Brent crude gained 48 cents at $126.37 a barrel on the ICE Futures exchange.
Bin Laden was killed Sunday by U.S. special forces in Pakistan. Oil fell below $111 a barrel early Monday morning shortly after President Barack Obama announced bin Laden’s death. By midmorning it was on the rise again. Analysts say traders are concerned that bin Laden’s death may lead to retaliation from his followers that could affect oil supplies.
“There will be a fear, I think, in the short-term in the markets that something might happen in the next week or two,” said Michael Lynch, president of Strategic Energy & Economic Research. “I do think in the longer term, it suggests likely more stability in the Middle East.”
Oil also got a boost as the dollar retreated from an early rally following news of bin Laden’s death. Oil is priced in U.S. dollars. A weaker U.S. dollar makes crude more attractive to buyers with foreign currency, and the price tends to rise.
Lynch thinks bin Laden’s death eventually may represent a tipping point for global oil and commodities prices, and the exit of Libya’s Moammar Gadhafi would remove further uncertainty about oil supplies in the region.
“Right now, partly out of deficit concerns and continuing unrest in Libya and Syria , there’s still some demand for safe havens, including commodities.”
Tom Bentz, director of BNP Paribas Commodity Futures, said traders remain concerned about the lingering issues of sovereign debt and the economic recovery. “For the most part nothing’s really changed. Osama bin Laden , whether he’s here or not, has nothing to do with the price of oil.” Bentz also thinks traders are worried about extremist retaliation.
In other trading on the Nymex, heating oil lost a penny at $3.2691, gasoline futures fell two cents to $3.3786 and natural gas was two cents higher at $4.780 per 1,000 cubic feet.
———
(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)
Video Link: http://youtu.be/f_kk7WJa7Uk
For more information please visit us at: http://www.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.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
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. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk
VANCOUVER, BRITISH COLUMBIA – (May 2, 2011) Clearlease Reports Oil prices are rising again after falling below US$111 a barrel on news that U.S. forces killed al-Qaida leader Osama bin Laden .
Benchmark oil for June delivery rose 24 cents to $114.17 a barrel in Monday morning trading on the New York Mercantile Exchange. In London, Brent crude gained 48 cents at $126.37 a barrel on the ICE Futures exchange.
Bin Laden was killed Sunday by U.S. special forces in Pakistan. Oil fell below $111 a barrel early Monday morning shortly after President Barack Obama announced bin Laden’s death. By midmorning it was on the rise again. Analysts say traders are concerned that bin Laden’s death may lead to retaliation from his followers that could affect oil supplies.
“There will be a fear, I think, in the short-term in the markets that something might happen in the next week or two,” said Michael Lynch, president of Strategic Energy & Economic Research. “I do think in the longer term, it suggests likely more stability in the Middle East.”
Oil also got a boost as the dollar retreated from an early rally following news of bin Laden’s death. Oil is priced in U.S. dollars. A weaker U.S. dollar makes crude more attractive to buyers with foreign currency, and the price tends to rise.
Lynch thinks bin Laden’s death eventually may represent a tipping point for global oil and commodities prices, and the exit of Libya’s Moammar Gadhafi would remove further uncertainty about oil supplies in the region.
“Right now, partly out of deficit concerns and continuing unrest in Libya and Syria , there’s still some demand for safe havens, including commodities.”
Tom Bentz, director of BNP Paribas Commodity Futures, said traders remain concerned about the lingering issues of sovereign debt and the economic recovery. “For the most part nothing’s really changed. Osama bin Laden , whether he’s here or not, has nothing to do with the price of oil.” Bentz also thinks traders are worried about extremist retaliation.
In other trading on the Nymex, heating oil lost a penny at $3.2691, gasoline futures fell two cents to $3.3786 and natural gas was two cents higher at $4.780 per 1,000 cubic feet.
———
(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)
Video Link: http://youtu.be/f_kk7WJa7Uk
For more information please visit us at: http://www.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.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
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. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Reports Osama Bin Laden DEAD Oil on the Rise
VANCOUVER, BRITISH COLUMBIA – (May 2, 2011) Clearlease Reports Oil prices are rising again after falling below US$111 a barrel on news that U.S. forces killed al-Qaida leader Osama bin Laden .
Benchmark oil for June delivery rose 24 cents to $114.17 a barrel in Monday morning trading on the New York Mercantile Exchange. In London, Brent crude gained 48 cents at $126.37 a barrel on the ICE Futures exchange.
Bin Laden was killed Sunday by U.S. special forces in Pakistan. Oil fell below $111 a barrel early Monday morning shortly after President Barack Obama announced bin Laden’s death. By midmorning it was on the rise again. Analysts say traders are concerned that bin Laden’s death may lead to retaliation from his followers that could affect oil supplies.
“There will be a fear, I think, in the short-term in the markets that something might happen in the next week or two,” said Michael Lynch, president of Strategic Energy & Economic Research. “I do think in the longer term, it suggests likely more stability in the Middle East.”
Oil also got a boost as the dollar retreated from an early rally following news of bin Laden’s death. Oil is priced in U.S. dollars. A weaker U.S. dollar makes crude more attractive to buyers with foreign currency, and the price tends to rise.
Lynch thinks bin Laden’s death eventually may represent a tipping point for global oil and commodities prices, and the exit of Libya’s Moammar Gadhafi would remove further uncertainty about oil supplies in the region.
“Right now, partly out of deficit concerns and continuing unrest in Libya and Syria , there’s still some demand for safe havens, including commodities.”
Tom Bentz, director of BNP Paribas Commodity Futures, said traders remain concerned about the lingering issues of sovereign debt and the economic recovery. “For the most part nothing’s really changed. Osama bin Laden , whether he’s here or not, has nothing to do with the price of oil.” Bentz also thinks traders are worried about extremist retaliation.
In other trading on the Nymex, heating oil lost a penny at $3.2691, gasoline futures fell two cents to $3.3786 and natural gas was two cents higher at $4.780 per 1,000 cubic feet.
———
(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)
Video Link: http://youtu.be/f_kk7WJa7Uk
For more information please visit us at: http://www.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.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
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. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk