BP Is the Favourite as Oil Shares Stay on the Boil; MARKET REPORT
Byline: TOM NICHOLLS
OIL markets are showing little sign of cooling off. The potential for disruptions to supplies from some of the world's biggest producers is expected to put a floor under prices - currently hovering around $65 - for the foreseeable future.
Fears that Iran might stop exporting if sanctions are imposed because of its nuclear programme, political unrest in Nigeria and concerns that lower Russian gas supplies to Europe could prompt a leap in oil demand are all expected to keep the market on edge.
That may mean more bumper earnings for oil producers, but some are a better bet for investors than others. Merrill Lynch is sticking to its bullish …
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Publication information: Article title: BP Is the Favourite as Oil Shares Stay on the Boil; MARKET REPORT. Contributors: Not available. Newspaper title: The Evening Standard (London, England). Publication date: January 20, 2006. Page number: 35. © Not available. COPYRIGHT 2006 Gale Group.
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