Bulgarian Stock Index Over 600 Pts as Oil Refinery Sares Keep Rising
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Bulgaria's stock index SOFIX on Tuesday broke over the psychological level of 600 points as shares of the country's main oil refinery Lukoil-Neftochim continued to rise for a third consecutive day.
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Oil prices jumped more than a dollar,  climbing above $48 a barrel Wednesday after U.S. data showed  the disruption caused by Hurricane Ivan had eaten into fuel  stocks.
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Oil prices pushed above &#36;49 a barrel on Monday, approaching record levels as worries about the stability of supplies from Iraq, Nigeria and Russia compounded concerns over low fuel stocks ahead of winter.
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Oil futures prices surged to new heights above $55-abarrel on Friday as concerns about the global supply of heating oil persist ahead of winter in the Northern Hemisphere.
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Crude oil futures rose yesterday for the first time in a week, climbing above $43 a barrel after an attack at the US consulate in Saudi Arabia and amid growing concerns that OPEC may try to firm-up oil prices after last week's sharp sell-off.
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Bulgaria's main oil refinery Lukoil Neftochim Burgas AD (NEFT) briefly touched a record high of leva (BGN) 26.00 in the morning trade at the Sofia Stock exchange Monday after a stable rise that persisted for a ...
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Leading shares gained momentum in late afternoon deals to close higher after the assassination of Pakistan's opposition leader, Benazir Bhutto, reignited geopolitical concerns and sent oil prices to a fresh 1-month high, fuelling oil heavyweight share prices.
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Bulgaria's blue chip index SOFIX rose by 0.64 points or 0.1% to 640.23 points Thursday on gains by Blacks Sea resort operators Slanchev Bryag and Zlatni Pyasatsi and paint maker Orgachim.
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NEW YORK - Another jump in oil prices pre-empted a strong rally on Wall Street Tuesday, though stocks managed to post modest gains on the strength of a consumer price report that put many investors' inflation fears to rest for the near term.    The three major indexes all finished the session higher, showing resiliency in the face of a new record high in oil futures fueled by continuing problems for Russian oil giant Yukos...
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Crude oil futures rose above $50 a barrel in New York on concern rebel attacks in Nigeria may reduce production while US inventories are near a 29-year low because of disruptions caused by Hurricane Ivan.
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European stocks have soared with London's FTSE 100 shares index hitting 6,000 points as investors seized on strong gains by US and Japanese shares, falling oil prices and a buoyant mining sector.
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Bulgarian state tobacco monopoly stocks continued sinking Monday dragging the country's stock index SOFIX 0.33% down to 608.57 points.
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THE Australian share market continued its recent bullish performance yesterday, with offshore gains driving the bourse to record highs.
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Indian shares hit a new six-month closing high on Friday, led by refinery stocks which rallied after a government decision to increase local retail fuel prices.
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Fourth quarter gains extended in European markets Thursday even with crude oil holding above $52 per barrel.
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Bulgarian stocks were mixed Monday after a vigorous rise in the past week; stock index SOFIX was 0.53 points of 0.09% down from the opening to 618.06 points in the late morning trade at the Sofia Stock ...
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Stocks gained on Friday as shares of energy companies got a boost from rising oil prices.