• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Resource Market
    Resource News
    Resource Stocks
    • Resource Market
    • Resource News
    • Resource Stocks
    market news

    Oil Increases as Iran Tension Heightens

    Charlotte McLeod
    Sep. 25, 2012 12:01PM PST
    Resource Investing News

    CNBC reported that the price of oil received support from concern about Iran’s nuclear situation, which is allaying worries about the world’s slow economic growth and the possibility of a rise in US crude inventories.

    CNBC reported that the price of oil received support from concern about Iran’s nuclear situation, which is allaying worries about the world’s slow economic growth and the possibility of a rise in US crude inventories.

    As quoted in the market news:

    Brent November crude rose $1.14 to $110.95 a barrel by 11:58 a.m. EDT (1558 GMT), having reached $111.47.

    Prices slipped to $108.78 in Monday’s session, but that was well above Brent’s six-week low of $107.10 hit last Thursday and did not threaten a test of support at the 100-day moving average, a technical indicator closely watched by traders.

    U.S. November crude was up 67 cents at $92.60 a barrel, off its $93.20 session peak.

    Monday’s dip to $91.06 by U.S. crude did not threaten its $90.66 low from last Thursday, which was the weakest price since early August.

    Click here to read the full CNBC report.

    market news
    The Conversation (0)

    Go Deeper

    AI Powered
    US flag and declining stock graph overlay.

    Oil Prices Rise, Then Tumble as Iran Retaliates Against US

    Oil Prices Rise

    Latest News

    NevGold Announces Updated Open-Pit, Heap-Leach Gold Mineral Resource Including 1,186,000 ozs Indicated and 548,000 ozs Inferred At Nutmeg Mountain in Idaho

    Sun Summit Strengthens Cu-Au Porphyry Potential at the JD Project, Toodoggone District: Defines an Open-Ended 8.5 km Long IP Anomaly

    Osisko Gaspé Expansion Hole Intersects 133.7 Metres Averaging 1.04% Cu

    Successful Heavily Supported Placement to Raise $25.1 Million

    Lo Herma Hydrogeology Testing & Resource Expansion Drilling

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES