Wednesday, 18 July 2007

Singapore Petroleum Shares Rise to Record After Refining Margins Increase

(Bloomberg) -- Shares of Singapore Petroleum Co.,
the only oil refiner traded on the city state's stock exchange,
rose to a record on speculation a surge in refining profit may
boost second-quarter earnings.

The shares gained as much as 25 cents, or 4.1 percent, to
an all-time high of S$6.40 ($4.21), and traded at S$6.30 at
12:23 p.m. Singapore time.


Read more at Bloomberg Energy News

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