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Oil Rises 3 Percent After Iran Bars Inspectors From Base
Feb. 22, 2012 12:50PM PST
Resource InvestingBloomberg reported that oil surged 3 percent after Iran refused International Atomic Energy Agency officials to visit the Parchin base.
Bloomberg reported that oil surged 3 percent after Iran refused International Atomic Energy Agency officials to visit the Parchin base.
As quoted in the market news:
Crude oil for April delivery increased 3 cents to $106.28 a barrel on the New York Mercantile Exchange, the highest settlement since May 4. Futures have gained 14 percent in the past year.