Oil was mixed in Asian trade today amid concerns about US energy demand and tensions between the West and major crude producer Iran, analysts said.
In morning trade, New York's main contract, light sweet crude for delivery in March, was two cents higher at $100.76 and Brent North Sea crude for April delivery fell by four to $117.35.
"Supply worries surrounding Iran supported sentiment in the face of weak demand," analysts from Australia's Commonwealth Bank said in a commentary.
A suspected Iranian bomber had his legs blown off as he hurled a grenade at Thai police yesterday, officials said, with Israel accusing Tehran of being behind the third attack in world capitals this week.
Meanwhile, Iranian President Mahmoud Ahmadinejad is to unveil several unspecified nuclear "achievements" today, the oil-rich country's official website said.
Tehran rejects accusations it is developing nuclear weapons, insisting its programme is for peaceful aims and has condemned "all acts of terrorism."
Separately, there are fresh concerns about US demand after government data yesterday showed retail sales in January were weaker than expected in the world's biggest oil-consuming nation.
The retail sales report came on the eve of the official weekly reading on US energy stockpiles.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
