Gasoline Gain on Middle East Tensions

- February 18th, 2011

Bloomberg reports that gasoline gained in New York due to political tension in the Middle East.

Bloomberg reports that gasoline gained in New York due to political tension in the Middle East.

The market news is quoted as saying:

Gasoline and Brent advanced as Bahrain’s security forces attacked protesters a second day and Egyptian state television said Egypt will allow two Iranian naval ships to pass through the Suez Canal on their way to Syria. Refineries supplying fuel to New York Harbor, the delivery point for heating oil and gasoline futures, use crude oil grades priced relative to Brent.

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