Business Standard

Brent crude above $113 on Iran supply threat

Related News

firmed on Monday, trading above $113 a barrel, lifted by Iran’s threat to shut a key oil-shipping route although worries over the economic health of the kept gains in check.

Iranian officials have in recent weeks threatened to block the if new sanctions imposed by the United States and planned by the European Union, with the aim of discouraging Iran’s nuclear programme, harm Tehran’s oil exports.

“Overall, the geopolitical premium is supporting amid tensions with Iran, but on the other hand, the price of crude in euros remains high and will hurt demand in Europe,” said Olivier Jakob from Zug-based consultancy Petromatrix.

February Brent crude futures were 34 cents higher at $113.40 a barrel by 0945 GMT, after gaining more than five per cent last week. On the New York Mercantile Exchange, February US light crude futures were up 10 cents at $101.66 a barrel.

Read more on:   
|
|
|
|

Read More

Oil higher in Asia on positive Japanese data

Oil rose in Asia today as traders reacted to better than expected economic data from Japan, analysts said.

Quick Links

 

Market News

HKEx aims to expand mini contracts to more metals and coal

Hong Kong Exchanges and Clearing Ltd (HKEx) plans to expand the range of its three "mini" contracts to include more base metals as well as coal, ...

Adverse market conditions forcing closure of oilseed crushers

Refiners prefer to import crude palm oil from Malaysia and Indonesia, finding this cheaper than local crushing

Muhurat trading: Sensex gains 64 points; Nifty ends at 8015

Markets gained for the fifth straight session to end the customary 'Muhurat' trading session held to usher in Samvat 2071 on a firm note

Financial Technologies gains 10% on heavy volumes

The stock zoomed 46% from its 52-week low of Rs 136 touched during intra-day on Wednesday.

PMC Fincorp soars over 25% in two days post stock split

The stock rallied 27% to Rs 213 from Rs 168 (adjusted to stock split) on October 22 on the Bombay Stock Exchange.

Back to Top