Brent steady above $110 on Iran, better demand outlook
1/25/2012 11:49:52 AM
SINGAPORE: Brent crude held above $110 on Wednesday on supply concerns as Iran renewed a threat to close the vital Strait of Hormuz while the demand growth outlook looks set to improve with positive economic indicators from Europe and the United States.
The euro zone's top power houses France and Germany posted growth in manufacturing in months, suggesting the debt crisis in the region has not derailed the economy.
No comments:
Post a Comment