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Reuters: Brent stable above $ 110 after the new sanctions on Iran
01/24/2012 7:23
Iraqi doorman "agencies" Editor's economic
"Reuters" quotes, "The price of Brent crude oil is stable above 110 dollars on Tuesday" to supply concerns with renewed Iranian threats to close the Strait of Hormuz, while gains were limited by concerns about demand growth due to prolonged negotiations, Greece's debt.
U.S. President Barack Obama said the United States will impose more sanctions after the European Union agreed to ban the import of Iranian crude from July. Traders fear that the cessation of purchases may cause aggravation of tensions with Tehran, raising prices and hurt the fragile global economy.
By the time 0437 GMT the price of the nearest maturity contract for Brent 12 cents to 110.70 dollars a barrel, extending gains for a second day. The U.S. crude rose ten cents to 99.68 dollars after they closed above the moving average for fifty days of $ 99.13 yesterday, and the highest level during the session at 100.24 dollars
According to observers, "the market is facing difficulties at the level of demand and there are concerns about supply, which would keep the gradual upward trend of prices."
And confirms some of that "high prices could get out recovery Alwaleed, who we see in the United States from its course."
Iran has accused the Europeans of waging "psychological warfare" after the European Union announced a ban
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01/24/2012 7:23
Iraqi doorman "agencies" Editor's economic
"Reuters" quotes, "The price of Brent crude oil is stable above 110 dollars on Tuesday" to supply concerns with renewed Iranian threats to close the Strait of Hormuz, while gains were limited by concerns about demand growth due to prolonged negotiations, Greece's debt.
U.S. President Barack Obama said the United States will impose more sanctions after the European Union agreed to ban the import of Iranian crude from July. Traders fear that the cessation of purchases may cause aggravation of tensions with Tehran, raising prices and hurt the fragile global economy.
By the time 0437 GMT the price of the nearest maturity contract for Brent 12 cents to 110.70 dollars a barrel, extending gains for a second day. The U.S. crude rose ten cents to 99.68 dollars after they closed above the moving average for fifty days of $ 99.13 yesterday, and the highest level during the session at 100.24 dollars
According to observers, "the market is facing difficulties at the level of demand and there are concerns about supply, which would keep the gradual upward trend of prices."
And confirms some of that "high prices could get out recovery Alwaleed, who we see in the United States from its course."
Iran has accused the Europeans of waging "psychological warfare" after the European Union announced a ban
[You must be registered and logged in to see this link.]
