Oil Investing News » Oil Rose 70 Cents on Iran’s Decision to Stop Supply to EU

Oil Rose 70 Cents on Iran's Decision to Stop Supply to EU

January 27, 2012 @ 11:08 am In Oil Market News

Reuters reported that oil prices inched up 70 cents over Iran's forthcoming parliament vote on stopping exports to the European Union.

As quoted in the market news:

Brent March crude rose 70 cents to $111.49 a barrel at 10:41 a.m. EST, having reached $111.75. U.S. March crude was up 20 cents at $99.90, swinging from $99.30 to $100.50.

Click here to read the full Reuters report. ^[1]

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[1] Click here to read the full Reuters report.: http://www.reuters.com/article/2012/01/27/us-markets-oil-idUSTRE7AD06820120127