Sunday, July 1, 2007

Japanese Trading House Shares Rise After Crude Oil Gains, on Rating Call

(Bloomberg) -- Japanese trading company shares
advanced, led by Mitsui & Co. after the price of oil climbed to
a 10-month high and a brokerage gave the company its most
bullish recommendation.

The price of oil advanced 1.6 percent to close above $70 a
barrel last week. Mitsubishi UFJ Securities Co. initiated
coverage of Mitsui with a ``strong outperform'' rating.


Read more at Bloomberg Stocks News

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