Saturday, 30 April 2011

0

Brent crude ends higher on Mideast worries, dollar

  • Saturday, 30 April 2011
  • Share
  • (Reuters) - Brent crude oil ended higher on Friday as unrest in the Middle East and fighting in Libya plus a weaker dollar trumped concerns that slower U.S. economic growth could stifle oil demand.

    In London, ICE Brent for June delivery LCOM1 settled at $125.89 a barrel, gaining 87 cents, or 0.7 percent, after trading from $124.25 to $126.10. It has gained in three of the last four sessions and the close was the highest since April 8, when prices settled at $126.65.

    For the month, front-month Brent crude LCOc1 rose $8.53, or 7.3 percent, extending gains to the eighth month in a row.

    (Source: http://www.reuters.com/article/2011/04/29/markets-energy-crude-brent-idUSN2911044520110429)

    0 Responses to “Brent crude ends higher on Mideast worries, dollar”

    Post a Comment

    Subscribe


    Enter your email address: