Crude Oil Trades Near 10-Month High on Nigeria Risks, U.S. Gasoline Demand

(Bloomberg) -- Crude oil was little changed in New
York near a 10-month high on concern unrest in Nigeria may
disrupt shipments and U.S. gasoline supplies may be insufficient
during the peak summer demand period.

Crude output from Nigeria, Africa's biggest producer, is
threatened by insecurity, Total SA Chief Executive Officer
Christophe de Margerie said July 7. U.S. gasoline stockpiles are
3.5 percent below their five-year average, the Energy Department
said July 5.


Read more at Bloomberg Energy News

European Stocks May Rise; BHP Billiton, Total, Cadbury, Lloyds May Gain

(Bloomberg) -- European stocks may advance for a
third day, led by BHP Billiton Ltd. and Total SA as metal prices
rose and oil traded near a 10-month high.

Cadbury Schweppes Plc might increase. Coca-Cola Co., the
world's largest soft-drink maker, may consider making a bid for
its Snapple fruit-beverage unit. Lloyds TSB Group Plc may climb
after Citigroup Inc. recommended buying shares of the U.K.'s
biggest provider of personal loans.


Read more at Bloomberg Stocks News

Electricite de France Shares Rise for Third Day on Outlook for Power Rates

(Bloomberg) -- Shares in Electricite de France SA,
Europe's biggest power generator, rose for a third day on
speculation the state-controlled utility may benefit from higher
power rates and demand for nuclear plants.

Shares of EDF, whose 58 nuclear plants generate almost half
of Europe's nuclear power, rose as much as 2.83 euros, or 3.7
percent, and were trading up 2.3 percent to 78.40 euros at 10:45
a.m. in Paris. The stock has gained 10 percent in three days,
making EDF France's biggest company by value ahead of Total SA.


Read more at Bloomberg Stocks News

European Stocks Rebound Amid Signs U.S. Economy Growing Without Inflation

(Bloomberg) -- European stocks rebounded this week
after the U.S. Federal Reserve said the world's biggest economy is
growing without causing inflation, consumer prices rose less than
forecast and several companies became the subject of takeover talk.

J Sainsbury Plc jumped after a Qatar fund bought shares in the
U.K. supermarket chain, while Wolseley Plc, Imperial Chemical
Industries Plc and BHP Billiton Ltd. rallied on renewed takeover
speculation. Total SA and Royal Dutch Shell Plc paced gains among
oil producers as crude prices touched a nine-month high.


Read more at Bloomberg Stocks News