Colosseum a.s. (Colosseum a.s.)
Commodities  |  August 14, 2012 10:08:28

Oil is growing due to geopolitical uncertainty

ColosseumConcerns that any conflict in the Middle East will lead to a disruption of oil supplies to world markets, to support the introduction week, the price of oil. The September Brent crude oil contract fell to a $ 115.11 per barrel, the highest in the last three months, due to premiere on Sunday, Israeli statements. According to him, the Iranian nuclear program the biggest threat to Israeli security. It is possible that this year will take Israel to attack Iranian nuclear facilities in order to destroy them. Oil price increases also due to scheduled maintenance for September oil infrastructure in the North Sea and the EU and U.S. sanctions against Iran. On the other hand, higher oil prices increase by a negative view of global demand. The September Brent contract closed Monday trading on the ICE Futures exchange on the price of $ 113.60 per barrel, plus 65 cents. and # 160;

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