Sunday, January 1, 2012

Brent crude oil steadies above $109, Iran threat supports

Brent prices up 5 percent in less than two week. Brent crude oil steadied above $109 a barrel on Wednesday after rallying for six straight sessions, supported by Iran's threat to halt oil shipments through the Strait of Hormuz.

Crude trading volumes remained reduced in the holiday week, with Brent volume on Tuesday 76 percent below the 30-day average
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Source: http://www.albawaba.com/brent-steadies-above-109-iran-threat-supports-407090

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