The arrows pointed end down on the Oslo Stock Exchange, after a morning in plus
The main index ended at 619.20, after a fall of 0.05 percent.
devel occurs simultaneously as oil prices fall relatively sharply.
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Fearing Iranian oil shock
Brent May oil pulls down 1.76 percent to $ 55.30 a barrel by close of trading, while WTI spot returns 0.51 percent to $ 48.44 a barrel.
The so-called 5 + 1 group (the US, UK, France, Germany, Russia and China) negotiations with Iran about its nuclear program is at a critical phase, as the deadline for reaching agreement approaches.
The deadline to agree on a political framework for a final agreement is by parties sat until midnight Tuesday. 5 + 1 group will exchange a guarantee Iran’s peaceful intentions towards a gradual easing of sanctions.
If Iranian oil dropped back on the market, is expected to provide a powerful downward pressure on oil prices.
– Iran has built up substantial oil stocks and can immediately increase exports if sanctions are repealed, writes analysts ANZ Reuters in a note.
Shipping sources informs news agency that Iran save at least 30 million barrels of oil on its fleet of supertankers.
On the Oslo Stock Exchange fell 0.07 percent to Statoil 142.80 million.
Read also: – Iran deal could easily push oil prices down $ 20
Europe
At 16.30 o’clock they fall European exchanges wide.
FTSE 100 in London is down 1.40 percent, the DAX in Frankfurt falls 0.69 percent, while the CAC 40 in Paris is down 0.63 percent.
A number Svanke macroeconomic figures are in influencing markets negatively Tuesday.
DNO fall in Yemen arrest
The impact among the heavyweights were generally relatively modest today.
DNO excelled most, but on the negative side. Stock thundered down 5.38 percent to 10.55 kroner after today’s announcement that full production shutdown in Yemen due to the deteriorating security situation in the country.
– The company states in the message that production before the shutdown was 950 barrels per day, only 34 percent of the level in Q4. It indicates that production in the 1st quarter has been lower than expected, writes Swedbank analyst Teodor Sveen Nilsen told Reuters in an update.
John Fredriksen duo Seadrill and Frontline drew on his side down respectively. 1.82 percent to 75.70 million and 2.16 percent to 18.10 dollars.
Among the heavyweights who went up we find RCCL and Storebrand – up respectively. 2.34 percent to 655 million and 1.17 percent to 29.34 dollars.
Extends Solstad contract
Subsea 7 has declared an option to extend the contract for construction vessel (CSV) “Normand Seven” with one year from September 2015.
It went forward by a notice from Solstad Offshore Tuesday.
This is the first of five annual options . The extension is made on existing conditions.
Solstad rose today 4.35 percent to 48 million. Subsea 7 ended down 1.70 percent to 69.35 dollars.
Asetek to top
winners were eventually topped by Scana Industrier, which rose 8.70 percent to 0.75 million.
Taper list is topped by RomReal, which fell 10.53 percent to 1.70 million.
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