Oil Rises 3 Percent After Iran Bars Inspectors From Base
Investing News Network - February 22nd, 2012
Bloomberg 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.