New York – Oil prices surged higher on Friday, amid tensions over Iran’s main crude oil exporter, and after positive economic data from China and the United States. New York’s main contract, light sweet crude for April delivery, closed at 108.84 U.S. dollars per barrel, up 1.77 dollars from Wednesday’s closing level. In London, Brent [...]
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March 7th, 2012
Oil prices surge on Iran Tension Trigger
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No Comments » January 26th, 2012
European Union embargo of Iran, Oil Prices Soar
NEW YORK – Oil prices rose moderately on Monday (Tuesday morning GMT), after the European Union imposed an embargo on Iranian crude oil exports as part of tough new sanctions aimed at stopping Tehran from funding its controversial nuclear program. New York’s main contract, light sweet crude or West Texas Intermediate for March delivery rose [...]
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