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Brent crude exceeds the $ 118 a barrel on worries about supplies
15/02/2012 09:41
Erbil, February 15 (Rn) - Brent settled above $ 118 on Wednesday as overwhelmed fears of supply disruptions in the Middle East because of tensions in Iran and supply disruptions South Sudan for concern about the safety of the global economy as it struggles Greece to avoid bankruptcy. According to the agency ( Reuters) news agency reported.
The investor is concerned about oil supplies, with the worsening unrest in Syria and the continuation of Iran's dispute with the West over Tehran's nuclear program.
Rose Brent contract closest maturity for April 75 cents to 118.10 dollars a barrel at 0529 GMT, tracking gains held March which has been fixed at 118.28 dollars a barrel on the settlement on Tuesday, recovering it from the losses suffered in earlier transactions Tuesday.
The U.S. light crude futures to more than $ 101.76 dollars a barrel before easing to 101.66 dollars at 0530 GMT.
Said Jeremy FRESNES commodities market analyst at Societe Generale "The oil market is still between the hammer of the deteriorating global economy and the anvil of supply problems, including the actual supply disruptions from Sudan."
"It's not realistic to expect the disappearance of the risks in the Middle East.
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15/02/2012 09:41
Erbil, February 15 (Rn) - Brent settled above $ 118 on Wednesday as overwhelmed fears of supply disruptions in the Middle East because of tensions in Iran and supply disruptions South Sudan for concern about the safety of the global economy as it struggles Greece to avoid bankruptcy. According to the agency ( Reuters) news agency reported.
The investor is concerned about oil supplies, with the worsening unrest in Syria and the continuation of Iran's dispute with the West over Tehran's nuclear program.
Rose Brent contract closest maturity for April 75 cents to 118.10 dollars a barrel at 0529 GMT, tracking gains held March which has been fixed at 118.28 dollars a barrel on the settlement on Tuesday, recovering it from the losses suffered in earlier transactions Tuesday.
The U.S. light crude futures to more than $ 101.76 dollars a barrel before easing to 101.66 dollars at 0530 GMT.
Said Jeremy FRESNES commodities market analyst at Societe Generale "The oil market is still between the hammer of the deteriorating global economy and the anvil of supply problems, including the actual supply disruptions from Sudan."
"It's not realistic to expect the disappearance of the risks in the Middle East.
[You must be registered and logged in to see this link.]
