Bloomberg News

Oil Rises in London as EU Officials Agree to Phased Iran Embargo

January 23, 2012

Jan. 23 (Bloomberg) -- Brent crude oil rose in London after a European Union official said diplomats agreed to place an embargo on Iran oil with a phase-in. The official spoke on condition of anonymity.

Brent oil for March settlement rose as much as 56 cents, or 0.5 percent, to $110.42 a barrel on the London-based ICE Futures Europe exchange.

To contact the editor responsible for this story: John Buckley at johnbuckley@bloomberg.net


We Almost Lost the Nasdaq
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus