Brent ends at 6-mth high on cold Europe, Iran, Syria
NEW YORK |
NEW YORK (Reuters) – Brent crude oil futures rose on Monday, gaining for a fifth straight session and ending at the highest level in six months, as cold temperatures in Europe fueled higher heating oil demand expectations and as Iran’s tension with the West went unabated while turmoil in Syria raised more geopolitical worries.
Concerns about a potential Greek debt default were overshadowed by these developments.
In London, ICE Brent crude for March delivery settled at $115.93 a barrel, gaining $1.35, or 1.18 percent, after trading between $113.65 and $116.22. It was the highest front-month Brent settlement since August 2, when prices closed at $116.46.
(Reporting By Gene Ramos; Editing by Marguerita Choy)
Article source: http://feeds.reuters.com/~r/reuters/INbusinessNews/~3/7J60hTk8_cs/markets-energy-crude-brent-idINDEE8150LF20120206
del.icio.us |
Digg
Home
Set as homepage
Add to favorites
Rss
No Comments
Post your comment