Latest news
Iran faces tougher EU oil sanctions
Europe will announce new oil sanctions on Iran on Monday, involving the ban on Iranian oil imports and also a restriction of Iran’s exchanges in gold and precious metals.
read more... 23/01/2012
Daily – Brent up on worries over supply disruptions
ICE Brent crude increased 1 dollar on Monday on fears over supply disruptions after Iran warned Gulf Arab neighbors of consequences if they increased oil production to replace Iranian oil industry facing international sanctions. By 07:22 GMT, ICE Brent crude for February delivery traded at 111.44 dollars a barrel, up 1 dollar.
read more... 17/01/2012
Daily – oil down on rising worries over the embargo on Iran exports
U.S. and Brent crude oil futures shed more than a dollar in late trading on Thursday on rising worries that the embargo on Iran exports may be delayed, lasting several months to be implemented.
read more... 13/01/2012
Daily – oil up on positive consumer credit data
U.S. and Brent crude oil futures increased on Tuesday sustained by positive consumer credit data and fears about Iran’s threats to close the Strait of Hormuz key pipeline, while gains were capped by festering euro zone debt crisis.
read more... 10/01/2012
Daily – oil prices mixed on stronger dollar and on Iran’s threat to close the key pipeline
U.S. crude oil futures shed on Monday as stronger US dollar made the dollar-denominated asset costlier, while the drop was capped by supply worries after Iran’s threat to shut a key oil-shipping pipeline. By 00:23 GMT NYMEX crude for February delivery traded at 101.36 dollars a barrel down 20 cents.
read more... 09/01/2012