Brent crude ends higher on tight supply, Iran sanctions

Reuters

Brent crude ends higher on tight supply, Iran sanctions

Reuters

Brent crude ends higher on tight supply, Iran sanctions

Brent crude futures rose on Thursday, rallying in late trading after the United States announced new sanctions on Iran and said fronts for Iran's tanker companies had been exposed, even as a North Sea production problem worsened an already tightening supply outlook. Brent August crude rose 84 cents, or 0.84 percent, to settle at $101.07 a barrel, having traded from $98.51 to $101.36. (Reporting By/ This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

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July 12, 2012

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