Brent has broken out of its recent trading range and traded above its key level of resistance of USD 120/bbl, driven by geopolitical events in the Middle East as well as a number of supply concerns.
The front month Brent crude oil contract last traded at USD 120.35/bbl, up USD 0.24 on Thursday's close on the Ice exchange, while at Nymex the WTI March contract was last seen USD 0.24 higher day on day at USD 102.55/bbl.
While Iran's nuclear ambitions continue to dominate headlines, latest reports are also showing supply concerns in Syria, where a key pipeline was bo
Freitag, 17.02.2012, 09:19 Uhr
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