Fuel Demand Optimism Driving KTC Capital Energy Investment Strategy

Energy analysts at London based KTC Capital are now bullish on oil as it traded near a two-week high in New York as Asian equities appreciated on signs of improved corporate equipment purchases, boosting the street's expectations of greater demand.

Durable goods orders in the U.S., not including volatiles, increased more than two percent, higher than markets anticipated. The Commerce Department recently confirmed the positive shift by reporting a more than four percent increase in capital equipment purchases last month after a slower than usual summer.

November contracts for light sweet crude were $76.78 a barrel on the Mercantile Exchange in after hours trading as it was bid up nearly a third of a cent by Asia traders. Oil prices, along with all commodities in general, were further boosted by a continued weakening of the dollar against the Euro.

Investment Disclaimer: This release is provided for general information only and nothing contained in the material constitutes a recommendation for the purchase or sale of any security. Although the statements of fact in this release are obtained from sources that KTC Capital Management consider reliable, we do not guarantee their accuracy and any such information may be incomplete or condensed. Also views expressed in this release are based on research materials available from sources considered reliable. Views are subject to change on the basis of additional or new research, new facts or developments. The investment risks described herein are not purported to be exhaustive, any person considering an investment should seek independent advice on the suitability or otherwise of the particular investment. Investment products are not bank deposits or obligations or guaranteed by KTC Capital Management or any of its affiliates or subsidiaries unless specifically stated. Investment products are not insured by government or governmental agencies. Investment and Treasury products are subject to Investment risk, including possible loss of principal amount invested. Past performance is not indicative of future results: prices can go up or down. Investors investing in investments and/or treasury products denominated in foreign (non-local) currency should be aware of the risk of exchange rate fluctuations that may cause loss of principal when foreign currency is converted to the investors' home currency. Investment and treasury products are not available to U.S. persons. All applications for investments and treasury products are subject to Terms and Conditions of the individual investment and Treasury products. Customer understands that it is his/her responsibility to seek legal and/or tax advice regarding the legal and tax consequences of his/her investment transactions. If customer changes residence, citizenship, nationality, or place of work, it is his/her responsibility to understand how his/her investment transactions are affected by such change and comply with all applicable laws and regulations as and when such becomes applicable. Customer understands that KTC Capital Management does not provide legal and/or tax advice and are not responsible for advising him/her on the laws pertaining to his/her transaction.

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Allan Winthorpe
Press Contact, KTC Capital Management