Oil Rose 70 Cents on Iran’s Decision to Stop Supply to EU

Reuters reported that oil prices inched up 70 cents over Iran’s forthcoming parliament vote on stopping exports to the European Union.

As quoted in the market news:

Brent March crude rose 70 cents to $111.49 a barrel at 10:41 a.m. EST, having reached $111.75. U.S. March crude was up 20 cents at $99.90, swinging from $99.30 to $100.50.

Click here to read the full Reuters report.