July 22nd, 2013:
UK Investigates Money Laundering Allegations Relating to Nigerian Oil Block
Can you profit from the rising oil price?
Royal Dutch Shell shares have been volatile since it admitted it had problems replacing its oil reserves last year.
Petrol prices roar away, but oil stocks are stuck in the slow lane. Emma Wall looks at the investment case.
By Emma Wall: 21 Jul 2013
Feeling the effects of inflation at the pump? That’s because the oil price has risen steeply. Since early June, Brent crude has risen from a little more than $100 to reach $108.60 a barrel. Overall inflation rose to 2.9pc last week from 2.7pc the previous month – largely because the increase in the price of oil.
But despite the climbing price of oil, the value of oil stocks – and funds that invest in them – has so far failed to enjoy similar gains. But that could change.