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Hilbroy Advisory: Oil falls on Libya, Goldman Sachs demand warning
Hilbroy Advisory: Oil falls on Libya, Goldman Sachs demand warning
The drop followed news over the weekend that Gadhafi had accepted a "road map" to a cease-fire from a delegation of African leaders.
Montreal,
Quebec,
Canada
(prbd.net)
12/04/2011
Montreal, Quebec, April 11, 2011– Hilbroy Advisory Inc. (DeutcheBörse: 2H0) Hilbroy Advisory Reports: Oil fell Monday after Libya's Moammar Gadhafi appeared to accept a cease-fire plan with rebel forces, increasing the chances that Libyan crude ill return to world markets soon. Crude prices were also pushed down as The International Monetary Fund cut its forecast for U.S. growth this year and Goldman Sachs warned that consumers in the U.S. are starting to conserve energy in the face of high oil prices.
Benchmark West Texas Intermediate crude for May delivery lost $2.87 to settle at $109.92 per barrel on the New York Mercantile Exchange. Earlier in the day, crude rose as high as $113.46 per barrel, the highest level since September 2008.
The drop followed news over the weekend that Gadhafi had accepted a "road map" to a cease-fire from a delegation of African leaders. Although rebel leaders later rejected the truce proposal because it did not include Gadhafi stepping down, traders considered the cease-fire move a sign that oil exports will start again once the fighting stops.
"A cease-fire could ultimately lead to a stable enough environment that could accommodate at least some oil production" in Libya, analyst Jim Ritterbusch said. Before the rebellion broke out, Libya produced about 1.6 million barrels of oil per day and supplied nearly 2 percent of world demand. Most of Libya's oil went to refineries in Europe.
The International Monetary Fund lowered its forecast for U.S. growth this year to reflect the increased burden of higher oil prices. The IMF said the economy of the world's largest oil consumer will expand by 2.8 percent this year, down 0.2 percentage point from the IMF projection in January.
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.
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 François Amyot
HilbroyAdvisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
info@hilbroyadvisory.com
www.hilbroyadvisory.com
Tel: 514-334-3131
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates", "believes", "could", "expects", "intends", "may", "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
About
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.
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