oil rallies as us israel intensify war against iran
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

Oil rallies as US, Israel intensify war against Iran

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Oil rallies as US, Israel intensify war against Iran

Washington - Fars

Oil prices rallied to an eight-week high as consumers criticized Washington and Tel Aviv for intensifying war rhetoric on major oil producer Iran.ICE December Brent, the global benchmark, rose $2.15 a barrel by midday in New York to $114.13 a barrel before the International Atomic Energy Agency released its biased report on Iran\'s nuclear program, and the prices predictably soared higher after IAEA Chief Yukiya Amano presented his US-dictated report. Iran is a member of the OPEC oil cartel and traders are starting to worry that the IAEA report could lead to an attack by Israel on Tehran\'s nuclear facilities. An attack could disrupt oil production and lead to closure of the Strait of Hormuz, the gateway for oil exports from key OPEC producers in the Middle East region, including Saudi Arabia. \"The smart oil traders I know aren\'t talking about anything else,\" said Seth Kleinman, oil and gas strategist at Citigroup in London. The rally in Brent prices pushed the contract above the crucial 200-day moving average, triggering automatic buy-orders by computer-driven buying programs. Analysts said the market was closely watching to see if the benchmark - which has been in a well established downward trend since April - could remain above the important technical level and break up the current trading range. \"People are watching to see where [the Brent contract] settles,\" said James Zhang, oil strategist at Standard Bank. Meanwhile, ICE Futures Europe, the exchange, announced it was launching its new ICE Brent NX futures and options contracts next month. The launch by the London-based ICE Futures Europe aims to prevent a disconnect between the derivatives and physical markets ahead of a change in the way oil prices are calculated.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

oil rallies as us israel intensify war against iran oil rallies as us israel intensify war against iran

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

oil rallies as us israel intensify war against iran oil rallies as us israel intensify war against iran

 



GMT 05:14 2024 Wednesday ,07 February

Sophisticated Classic Dining Room Design Ideas

GMT 16:17 2018 Thursday ,30 August

Five Saudi women pilots granted GACA licences

GMT 05:06 2024 Tuesday ,06 February

New hunt for flight MH370 gets under way

GMT 13:00 2017 Wednesday ,23 August

Civilians among 30 dead in Yemen air raids

GMT 15:12 2011 Friday ,29 July

Pakistan observes air crash anniversary

GMT 04:23 2012 Friday ,30 March

Abdul Halim Hafez past revealed

GMT 08:44 2015 Wednesday ,25 February

Lubna emphasises generosity of UAE

GMT 11:15 2017 Monday ,10 July

Moroccan TV host is happy for her program

GMT 09:55 2017 Saturday ,15 July

China's late Nobel laureate Liu Xiaobo cremated

GMT 14:43 2011 Sunday ,03 July

Zeina denies wearing head veil

GMT 05:12 2017 Friday ,21 July

6.7-magnitude quake kills two in Greece

GMT 16:03 2011 Saturday ,18 June

Fifi Abdo alive
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice