Oil traded close to the USD 74 level on Monday followed by continued geopolitical concerns in Iran. Monday also saw a mixed UK gas market and firmer coal prices, while the EU ETS was calm due to the holiday effect.
Crude oil prices spiked on Monday after Ayatollah Ali Khamenei implied thatIran was prepared to disrupt oil supplies in the region as a reply to western pressure over its nuclear enrichment programme, Financial Times reports. The Iranian leader on Sunday said that "a wrong move" by the US towards Iran would endanger oil supplies.Nymex WTI front month hit USD 73.84/bbl during yesterday´s
Dienstag, 6.06.2006, 08:07 Uhr
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