Oslo Stock Exchange ended Wednesday in positive territory, but was pulled down from the highest level since January of weak oil prices. At its peak, the main index up to 601.13.
Finally stood index, however, in 597.27, up 0.23 percent, and it was traded shares for about 3.7 billion.
the European markets are in turn mixed.
FTSE 100 in London falls 0.16 percent, the DAX in Frankfurt was up 0.27 percent, while the CAC 40 in Paris put on 0.18 percent.
Oil prices
Brent oil falls Tuesday afternoon 1.73 percent to $ 43.27 a barrel, while WTI oil is down 2.02 percent to $ 41.61 a barrel.
In comparison, a barrel of oil traded at $ 44.15 a barrel at the close of trading in Oslo on Tuesday.
the price decline comes after oil workers in Kuwait announced that they quit the strike Wednesday.
the strike in Kuwait, which reduced the country oil production by up to 1.7 million barrels per day, contributed according to Bloomberg News and TDN Finans Tuesday that oil prices rose for the first time in five trading days.
– the extent of the shortfall in output would have been quite significant, if the strike had persisted. It took a solid amount of oil out of production, said Ric Spooner, chief analyst at CMC Markets in Sydney, to the news service.
The trade American Petroleum Institute (API) reported late Tuesday night that oil inventories in the US rose by 3, 1 million barrels during the week until April 15.
According to estimates gathered by Bloomberg News it is expected that stocks will rise by 3 million barrels in the same period, when the US energy information Agency (EIA) on Wednesday afternoon adds until the official weekly figures.
Russian Deputy Energy Minister Kirill Molodtsov stated according to TDN Finans Tuesday that the country could increase its oil production by 100,000 barrels to 10.81 million barrels per day in 2016, after it was not any agreement in Doha on the freezing of leading countries’ oil production.
Statoil
Statoil rose today 0.67 percent to 134.60 kroner.
Oil giant can not be layered on nose, and is suing the United States for penance and accusation of misreporting of gas production in the Gulf of Mexico.
the lawsuit is aimed at Ministry of the Interior, the Minister of the Interior Sally Jewell, writes DN.
the Norwegian oil company where the state is the largest shareholder, stem also head of the Office of National Resources revenue (ONRR), which stands for the collection of commodity revenues in the United States.
Contracts for half a billion
DOF Subsea has in recent months been awarded IMR- and installation contracts together are worth over 500 million, it is stated in a message.
in the Asian region, the company has been awarded an LOI of a major customer for an EPCI project. The offshore phase of the project will be executed first half of 2017.
In the Atlantic region, DOF Subsea has been awarded several contracts over the past few months.
The share rose to end 2.96 percent to 4 , 17 million.
Hofseth with XXL agreement
XXL starts to sell protein products Hofseth BioCares in the summer of 2016.
the agreement involves initially if the three products omeGO, product varieties of ProGo and “Health Pack”. Athletics Athlete ingvill måkestad bovim among elite sport athletes who use Hofseth BioCares products.
Despite the news the stock fell 2.60 percent to 1.50 million.
Turned direction
Prosafe rose yesterday the most, namely by 37.9 percent to 7.72 million, without company-specific news. Wednesday the stock fell, however back 11.66 percent to 6.82 million.
Seadrill controlled Archer was also discontinued recovery, and the stock fell today 6.91 percent to 7.68 million. It climbed Tuesday 15.7 percent, while on Monday rose to 17.9 percent.
Ocean Team Shipping, as Tuesday ended down 14.50 percent to 3.88 million, ended Wednesday up. The stock has asserted itself high on the list of winners with a gain of 5.93 percent to 4.11 million.
At the very top of the winners list, we find Deep Sea Supply, which gained 16.67 percent to 1.12 respectively.
Tung keepers
There were mixed mood among the most traded shares on the Oslo stock Exchange Wednesday, but several of the most traded pulled well up.
Yara rose 3.51 percent, Seadrill was up 3.27 percent, Norwegian Hydro rose 1.74 percent and Norwegian ended with a rise of 0.97 percent. The former has signed sales documents for their European CO2 business and Yara Praxair Holding.
Frontline went on their side back 3.80 percent, while Marine Harvest fell 2.12 percent. TGS-Nopec fell 2.68 percent and Telenor ended down 0.78 percent.
JP Morgan wrote in an analysis Wednesday that TGS profit warning earlier this month confirmed the negative momentum in the sector.
Aker Solutions ended Wednesday up 0.32 percent to 31.40 kroner after figures breakers in SEB takes up its recommendation to hold. It happens after the brokerage’s has had a sell recommendation on the stock for three years.
– The company’s strong balance sheet, coupled with the steep decline in the share price during the last three years, has made risk / return ratio more attractive in our view, turn SEB fixed.
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