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Brent above $ 108 on supply concerns and supported by U.S. data
Brent crude rose slightly to over $ 108 on TuesdaySupported by a disruption to supply from Syria and Iranian naval maneuvers in the key shipping lane in theWhile prices derived additional support from the strong statements to the U.S. housing sector operationsCoverage of the centers of the city towards the end of the year.
Brent rose to 108.30 dollars a barrel during the transaction and by the time 0502 GMTGMT was up 15 cents to 108.11 dollars. U.S. crude settled unchangedAt 99.70 dollars a barrel.
Said Ken Hasegawa, director of derivatives trading in Nioadj brokerage in Tokyo "may beSyria supporting factor for the time being but will not see a big increase or astronomical prices for thisThe reason.
"So far, delays were not a big issue because of the decline in demand somewhat in Europe.This offset the impact of supply disruptions. "
The Syrian Oil Minister Sufian Alao said on Saturday that his country's oil production fellBy between 30 and 35 percent because of the sanctions imposed on Syria by the security crackdown continuesNine months ago against anti-government protests.
Helped Iranian naval exercises in the fears as well.
Iran began a naval exercise on Saturday last ten days in the Strait of Hormuz, raisingConcerns about the possible closure of the strategic oil route in case of confrontationMilitary between Iran and the West.
But Hasegawa said the impact of military exercises on the price currently limited dueFor the abundance of supply of the Organization of Petroleum Exporting Countries.
Kuwait produced more than three million barrels of oil in DecemberAnd expects to continue that rate if the availability of demand, according to Oil Minister Mohamed Al-daysSunday after a meeting of Gulf Arab oil ministers in Abu Dhabi.
Brent crude rose slightly to over $ 108 on TuesdaySupported by a disruption to supply from Syria and Iranian naval maneuvers in the key shipping lane in theWhile prices derived additional support from the strong statements to the U.S. housing sector operationsCoverage of the centers of the city towards the end of the year.
Brent rose to 108.30 dollars a barrel during the transaction and by the time 0502 GMTGMT was up 15 cents to 108.11 dollars. U.S. crude settled unchangedAt 99.70 dollars a barrel.
Said Ken Hasegawa, director of derivatives trading in Nioadj brokerage in Tokyo "may beSyria supporting factor for the time being but will not see a big increase or astronomical prices for thisThe reason.
"So far, delays were not a big issue because of the decline in demand somewhat in Europe.This offset the impact of supply disruptions. "
The Syrian Oil Minister Sufian Alao said on Saturday that his country's oil production fellBy between 30 and 35 percent because of the sanctions imposed on Syria by the security crackdown continuesNine months ago against anti-government protests.
Helped Iranian naval exercises in the fears as well.
Iran began a naval exercise on Saturday last ten days in the Strait of Hormuz, raisingConcerns about the possible closure of the strategic oil route in case of confrontationMilitary between Iran and the West.
But Hasegawa said the impact of military exercises on the price currently limited dueFor the abundance of supply of the Organization of Petroleum Exporting Countries.
Kuwait produced more than three million barrels of oil in DecemberAnd expects to continue that rate if the availability of demand, according to Oil Minister Mohamed Al-daysSunday after a meeting of Gulf Arab oil ministers in Abu Dhabi.
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