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    Brent Crude Oil Rises to $103.88

    Investing News Network
    Dec. 16, 2011 10:59AM PST
    Resource Investing

    Reuters Africa reported that oil prices rose to $103.88 due to a weaker dollar and concerns over U.S.
    sanctions against Iran.

    Reuters Africa reported that oil prices rose to $103.88 due to a weaker dollar and concerns over U.S.
    sanctions against Iran.

    As quoted in the market news:

    Brent crude, which rolled over to February as the prompt month, was up 28 cents to $103.88 a barrel by 1453 GMT. U.S. crude rose 13 cents to $94 a barrel, after falling $1.08 to settle at $93.87 on Thursday.

    Click here to read the full Reuters Africa report.

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