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Oil rises on U.S. consumer data, Iran-UK row

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13 Feb 2012 20:56 #75413 by chairman
(Reuters) - Oil prices rose on Tuesday on a report of improved U.S. consumer confidence, an Italian bond auction attracting demand and after an attack by Iranian protesters on two British embassy compounds in Tehran.
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13 Feb 2012 21:00 #75417 by chairman
"A combination of the geopolitical risks related to the Iranian situation and the positive U.S. consumer confidence data have boosted oil futures," said Gene McGillian, analyst at Tradition Energy in Stamford, Connecticut.
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13 Feb 2012 21:14 #75418 by chairman
ICE Brent January crude up a second straight session, rose $1.82 to settle at $110.82 a barrel, a penny above the front-month Brent 200-day moving average and having reached $111. [/size]U.S. January crude rose $1.58 to settle at $99.79 a barrel, reaching $100.15, but unable to move above Monday's $100.74 high. [size=medium][/size][/size]Both crude contracts were poised to post monthly gains [size=medium]
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14 Feb 2012 09:25 #75433 by The Captain
waiting for Bobbice oil

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14 Feb 2012 11:59 #75476 by Kwami
The begining of the end of the US dollar as the world reserve currency

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