HOUSTON, Apr. 27 — Crude prices continued a 4-day rally Apr. 24 on the New York market, led by a surge in the general equity market on reports of better-than-expected earnings by top companies in various industries.

“Surprisingly perhaps, stock markets have rallied in the past month, and it will be interesting to see in the next few weeks if it can last,” observed analysts at KBC Market Services, a division of KBC Process Technology Ltd. in Surrey, UK.
Full Story

This entry was posted on Wednesday, April 29th, 2009 at 11:45 am and is filed under Oil and Gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.