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oil Stocks: jump on crude-oil spike
25 / 3
 
http://bajaenergys.blogspot.com/2007/03/oil-stocks-jump-on-c...
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BajaeNergyBLOG
62 months, 4 weeks, 3 hours agoOn the New York Mercantile Exchange, crude for May delivery soared to $68.09 late Tuesday on rumors, swiftly denied by the Pentagon, that a U.S. warship had come under attack off Iran. Though the contract quickly backed down, it was still trading $1.62 higher at $64.55 a barrel early Wednesday as traders padded the contract's risk premium. Price volatility in the oil trading pits kept upward pressure on oil stocks, with investors keeping an extra close eye on companies with the greatest exposure
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