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U.S. Crude Surges to $104 Due to a Drop in Iranian Oil Supply
Feb. 20, 2012 07:19PM PST
Oil and Gas InvestingReuters reported that U.S. crude surged to $104 per barrel due to a drop in Iranian oil supply to Europe.
Reuters reported that U.S. crude surged to $104 per barrel due to a drop in Iranian oil supply to Europe.
As quoted in the market news:
On the New York Mercantile Exchange, March crude was up $1.31 a barrel to $104.55 as of 0023 GMT, after touching $105.44 on Monday — its highest since May 5.