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Brent stability over $ 113 and higher OPEC
15/08/2012 0:00
SINGAPORE
(Reuters) Brent crude settled above $ 113 a barrel on Tuesday as investors awaited economic growth data from Europe to assess the outlook for energy demand in the area and provided the rising tensions in the Middle East in support of prices. In the meantime, has seen OPEC basket of crudes rose slightly to settle above 109 dollars a barrel.
The numbers of the weak growth of the euro area to strengthen the dollar and adversely affect the commodities priced in U.S. currency.
but Brent will find support with the heats debate on the Iranian nuclear issue, which feeds the fears of the region's exports.
The price of Brent crude 39 cents to 113.99 dollars a barrel after closing up 65 cents at its highest settlement since the third of May. U.S. crude rose 50 cents to 93.23 dollars a barrel after closing down 14 cents.
said Rioma Voroma director of commodity sales at Naoadj Japan, "the immediate impact of the growth figures will be on the European exchange market and the oil will interact with it.
"Oil prices are high because of the Israeli position will depend a lot on what will happen to it."
the French economy did not record any growth for the third quarter, respectively, in the three months to the end of June, while GDP grew 0.3 for Germany percent in the second quarter of the
year. and data exceeded the two largest economies in the euro zone outlook a little.
to that OPEC said on Tuesday that the price of its basket of crudes rose to a record 109.67 dollars a barrel on Monday to $ 109.10 the previous day.
consists OPEC basket of 12 crude is a mix deserts of Algeria and raw Gerasol Alonjula and raw Iranian Heavy, Basra Light of Iraq and export of Kuwait and Sidr Libya and Bonny Light of Nigeria and sea country and Arab Light Saudi Murban UAE and Mary Venezuelan Orient of Ecuador.
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