U.S. Crude Surges to $104 Due to a Drop in Iranian Oil Supply
Investing News Network - February 20th, 2012
Reuters 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.