Hilbroy Advisory Inc: Oil Prices Rally as Tensions Build Over Iran: by Jean-Francois Amyot
Montreal, 8 November 2011 Hilbroy Advisory Inc. (Frankfurt: 2H0) –Oil prices rallied to a seven-week high on Monday as bearish investors rushed to cover their bets amid a war of words between Washington, Tel Aviv and Tehran over Iran's nuclear programme.
ICE December Brent, the global benchmark, rose $2.15 a barrel by midday in New York to $114.13 a barrel, ahead of the release of a report later this week from the International Atomic Energy Agency about Iran's nuclear programme, Jean-Francois Amyot.
Iran is a member of the OPEC oil cartel and traders are starting to worry that the IAEA report could lead to an attack by Israel on Tehran's nuclear facilities. An attack could disrupt oil production and lead to closure of the Strait of Hormuz, the gateway for oil exports from key OPEC producers in the Middle East region, including Saudi Arabia.
The rally in Brent prices pushed the contract above the crucial 200-day moving average, triggering automatic buy-orders by computer-driven buying programmes. Analysts said the market was closely watching to see if the benchmark - which has been in a well-established downward trend since April - could remain above the important technical level and break up the current trading range.
About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential: Jean-Francois Amyot.
Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
• Go Public strategy,
• Debt and or equity financing
• Identify prospective investors
• Hire investor relations firm
• Cross listing decisions
• Planning road-shows and promotional campaigns.
Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.
Contact:
Jean-Francois Amyot
Hilbroy Advisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
info@hilbroyadvisory.com
www.hilbroyadvisory.com
Tel: 514-334-3131
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