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Brent rises above $ 103

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1Brent rises above $ 103 Empty Brent rises above $ 103 Wed Jul 03, 2013 4:13 am

Wild Orchid

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Brent rises above $ 103





07/03/2013 02:05


Brent crude rose above $ 103 a barrel on Tuesday, extending gains for a second session due to concerns of a disruption to supplies from the Middle East and Africa. And declining oil production in Libya by a third after closing Protesters oil fields several raising concerns about oil exports from the Middle East at a time excite the anti-government protests in Egypt's concerns about the stability of the region in general.

rose Brent contracts for August delivery 13 cents to $ 103.13 a barrel, after increased 0.82 percent the previous day. And made a crude American delivery August three cents to 98.02 dollars per barrel after rising more than one percent at the settlement on Monday. Said Tony Nunan, risk manager at Mitsubishi Corp.

«Brent in a narrow range since the period with continued strengthen markets due to geopolitical risks, but there is an abundance of low-sulfur crude supplies from the United States.

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