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"Investment funds
accelerated fresh buying amid growing concern in the market that
the NYMEX light sweet crude futures will likely surpass $70/barrel
Tuesday."
Said Ovalnext futures analyst
Masahiko Sato after May crude futures on the New York Mercantile
Exchange settled $1.35/barrel higher at $68.74/barrel Monday.
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"There is only
bullish news and the market is extremely firm. You would not want
to be short heading into Easter with the current uncertainty."
Said a broker at Man Financial
following record high IPE Brent future prices.
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"Our exercises were
welcomed by Muslims of the world, and they dismayed our enemies.
Since (the exercises) were a message of peace and friendship, we
are ready to sign non-aggression pacts with the regional
countries."
Said Mostafa Mohammad Najjar,
Iran defense minister after Iran's decision to sign non-aggression
pacts with countries in the region. |