Brent Crude Increases to $114 Per Barrel

Reuters reported that Brent crude increased to $114 per barrel on concern over supply disruption due to Israel’s comments on blocking Iranian nuclear program.

As quoted in the market news:

Brent crude, which hit $114.28 — its highest since May 4, traded 41 cents up at $113.36 a barrel by 0635 GMT, gaining for six out of the past seven sessions. U.S. oil rose 18 cents to $93.05, after ending 49 cents lower at $92.87.

Click here to read the full Reuters report.