Sunday, May 27, 2007

Asia Energy Day Ahead: Oil May Rise This Week; Ethanol at Seven-Week High

(Bloomberg) -- Crude oil may rise this week on
speculation that Nigeria's supply will be cut further and
shipments from Iran may be jeopardized by its standoff with the
United Nations. Ethanol in Chicago gained a third day, to a
seven-week high. Shareholders of Exxon Mobil Corp., Royal Dutch
Shell Plc, and the world's four other biggest publicly traded
oil companies got $98 billion in returns last year as record oil
and natural-gas prices pumped up earnings.

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