The single reason why you should buy Big Oil now – MoneyWeek

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Butoneofhisabsolutefavouriteplaysonrisingoilpricesislesswidelyknown–andunlikeBPandShell,thisparticularwayintooildoesn’thavethethornyproblemofconstantlyhavingtofindnewreservestotopupitsinventories。

Meanwhile,inlastweek’sMoneyWeekcoverstory,wehadmoredetailonotheroilplays,fromCanada’starsandstopropertyinKurdistan(!

)subscriberscanreadthepieceonlinebyclickinghere:Whyoilinvestorsarestillsmiling。

Andifyourenotyetasubscriber,youcangetaccesstoallthecontentontheMoneyWeekwebsiteandsignupforathree-weekfreetrialofthemagazine,justbyclickinghere:Signupforathree-weekfreetrialofMoneyWeek。

Turningtothestockmarkets…

AlaterallyyesterdaysawLondonstocksendthedayinpositiveterritorydespiteweaknessamongstminersandpropertystocks。

Theblue-chipFTSE100indexclosed3pointshigher,at6,416,althoughthebroaderindicesweremixed。

BrewerSABMillerchalkedupthedaysbiggestgainsafterreportingstronggrowthinlagersales。

Forafullmarketreport,see:Londonmarketclose。

AcrosstheChannel,theParisCAC-40closed2pointslower,at5,748,andtheFrankfurtDAX-30lost9pointstocloseat7,142。

OnWallStreet,USstocksbouncedbackfromWednesdayssell-offyesterday。

TheDowJonesindustrialaverageendedtheday68pointshigher,at12,552,offanintra-daylowof12,428。

ThebulkofthedaysgainswereseenontheNasdaqindexwhichadded21pointstocloseat2,480。

TheSP500,meanwhile,gained8pointstoendthedayat1,447。

InAsia,Japanesestocksendedtheweeklowertoday,withtheNikkeiclosing176pointslowerat17,363。

Thepriceofcrudeoilcontinuedtorisethismorning,adding57ctoclimbto$64。

42abarrel。

InLondon,Brentspotwasat$69。

42。

Spotgoldhadclimbedto$677。

40/ozthismorning,whilstsilverwasat$13。