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"Brent" rises to near $ 114 a ban because of fears Iran's oil
On: Friday 6/1/2012 6:11
Baghdad / term
crude rose Brent towards $ 114 a barrel, on Thursday, due to increased fears of supply disruptions Iran after EU states agreed in principle to ban the import of oil from the second-largest producer in OPEC, as well as concerns about the debt crisis of the the euro.
According to "Reuters", the Brent crude rose 25 cents to 113.95 dollars a barrel, reversing losses in volatile trading late yesterday to its highest level during yesterday's session at 114.64 dollars.
and to support the escalation of tensions between Iran and the West over its nuclear program, oil prices despite the declining earnings worries the likelihood that the crisis of the euro area to the growing global economic slowdown and the demand for fuel.
Awad and Brent said its losses after Japan's third-largest buyer of Iranian oil it had begun talks with other suppliers, where can the new U.S. sanctions make it difficult for oil payments.
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