Wednesday, July 25, 2012

Oil prices end the week at 7 week high on concerns over geopolitical tensions in the Middle East

Brent North Sea oil for delivery in September spiked to US$107.4 while oil on the Nymex rose to US$91.8. Oil prices ended the previous week at seven-week high on concerns over the impact of escalatingg geopolitical tensions in the Middle Eastern countries of Syria and Iran.

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