Look at oil prices. It has been one of the keys to working out what is happening in the markets at the moment. The oil route continues. I have a wti chart here. In the far righthand corner, we see 34. 59. Arab opeca meeting of members in cairo over the weekend. The Iraqi Oil Minister talking about how we do not need to be pessimistic about oil prices. A similar message coming from the qataris. Spain faces unchartered Political Uncertainty this morning after the Prime Minister lost his majority in an inconclusive election. Thety lost a third uncertainty may see spanish bonds open lower today. Brent crude fell to its lowest level since july 2000 or amid the speculation that supplies pricesacerbate a global are down 37 this year. Iraqs oil minister says oil well bounceback because the current price is hurting reducers. He did not say when that would happen but insisted that market fundamentals are strong. Toshiba slumped the most in seven months. The comments came after the nikkei said to
A 16month high, and gas prices up 11 days in a row. The road map begins with two days that are part of the old guard and the new leaders today, g. E. And honeywell trading higher after earnings beat expectations. On the opposite end, google and microsoft both missed slipping ahead of the open. And chipotle is spicing it up higher after beating the consensus, and detroit has become the biggest u. S. City to file for bankruptcy. We will get a live report from the ground in the motor city. Good morning, and good morning for the old industrials and g. E. Is rising in the market, and rising in the qe earnings 36 cents per share, and that cites big ticket Industrial Equipment and services orders. And honey well, helped by higher margins, jim, and to some degree, the margins are the story of the morning. You nailed it. One of the reasons i like General Electric because in every business the margins are improving and the water inf infrastructure had been the big, really big disappointment, and
The Valemon field is located between production licences 050 and 193 in the Norwegian Sea. The gas and condensate field lies at a water depth of 135m, approximately 160km west of Bergen.