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Oil prices nearing U.S. $ 101 amid increasing unrest in Iran
Oil prices rose to reach U.S. $ 101 per barrel amid investor concerns about the escalating turmoil in the Middle East, which would impact on the resources of crude oil.
Therefore, it has fallen crude oil contracts for delivery in February by 12 cents to 101.22 dollars per barrel, in electronic trading through the New York Stock Exchange, which are the goods. The contract rose by U.S. $ 1.66 to settle at U.S. $ 101.34 during trading yesterday in New York Tuesday.
And London, Brent crude rose by 4 cents to up to U.S. $ 109.31 InterContinental Stock Exchange.
It is worth mentioning that the official Iranian news agency IRNA said yesterday was Tuesday that Iranian Vice President Mohammad Reza Rahimi has said that Iran would close the Strait of Hormuz and to stop oil exports in the case of Western countries to impose sanctions on Iran's oil exports.
In the same context, the United States of America in addition to the United Kingdom is considering imposing more sanctions on Iran, which is the fourth largest state-of-oil-producing countries, to raise concerns about its nuclear program.
The Strait of Hormuz, one of the most important passages in the world that passes through nearly one-sixth of global oil production.
In the event that you can not oil tankers to pass through the Strait of Hormuz, they will have to wire passages longer and more expensive, which may lead to increased oil prices.
According to a report issued by The Schork Group, "it is not likely to escalate the political crisis, but there is still oil prices above U.S. $ 100 per barrel."
The report predicts that oil prices could climb to more than U.S. $ 140 in the case of Iran to close the Strait of Hormuz.
As the National Retail Federation in the United States that are expected to increase sales by 3.8% during the Christmas holidays, to exceed expectations, which predicted a sales increase by 2.8% during the month of September.
Saw the other New York Stock Exchange trading of goods diesel prices fell by 0.4% to reach U.S. $ 2.91 per gallon, while the decreased gasoline futures rose 0.6% to 2.68% per gallon. The decline in natural gas by 0.7% to U.S. $ 3.11 per 1000 cubic feet.
Oil prices rose to reach U.S. $ 101 per barrel amid investor concerns about the escalating turmoil in the Middle East, which would impact on the resources of crude oil.
Therefore, it has fallen crude oil contracts for delivery in February by 12 cents to 101.22 dollars per barrel, in electronic trading through the New York Stock Exchange, which are the goods. The contract rose by U.S. $ 1.66 to settle at U.S. $ 101.34 during trading yesterday in New York Tuesday.
And London, Brent crude rose by 4 cents to up to U.S. $ 109.31 InterContinental Stock Exchange.
It is worth mentioning that the official Iranian news agency IRNA said yesterday was Tuesday that Iranian Vice President Mohammad Reza Rahimi has said that Iran would close the Strait of Hormuz and to stop oil exports in the case of Western countries to impose sanctions on Iran's oil exports.
In the same context, the United States of America in addition to the United Kingdom is considering imposing more sanctions on Iran, which is the fourth largest state-of-oil-producing countries, to raise concerns about its nuclear program.
The Strait of Hormuz, one of the most important passages in the world that passes through nearly one-sixth of global oil production.
In the event that you can not oil tankers to pass through the Strait of Hormuz, they will have to wire passages longer and more expensive, which may lead to increased oil prices.
According to a report issued by The Schork Group, "it is not likely to escalate the political crisis, but there is still oil prices above U.S. $ 100 per barrel."
The report predicts that oil prices could climb to more than U.S. $ 140 in the case of Iran to close the Strait of Hormuz.
As the National Retail Federation in the United States that are expected to increase sales by 3.8% during the Christmas holidays, to exceed expectations, which predicted a sales increase by 2.8% during the month of September.
Saw the other New York Stock Exchange trading of goods diesel prices fell by 0.4% to reach U.S. $ 2.91 per gallon, while the decreased gasoline futures rose 0.6% to 2.68% per gallon. The decline in natural gas by 0.7% to U.S. $ 3.11 per 1000 cubic feet.
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