Brent oil stays near $112 on Iran, upbeat data
1/4/2012 1:56:42 PM
SINGAPORE: Brent crude held steady around $112 a barrel on Wednesday, supported by fears of possible supply disruptions from Iran and upbeat economic data from the United States and China.
Oil prices surged on the first day of trading in 2012, after Brent posted a 13 percent gain last year, as Iran threatened to choke off crude shipments through the strategic Strait of Hormuz in retaliation against tougher sanctions from the West over its nuclear programme.
No comments:
Post a Comment