oil rises on us energy report iran supply
Saturday 25 January 2025
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Oil rises on U.S. energy report, Iran supply

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Emiratesvoice, emirates voice Oil rises on U.S. energy report, Iran supply

New York - Xinhua

Crude prices rose on Tuesday as a U.S. energy report saw rising oil demand in 2012 and investors raised concerns about possible Iranian end to crude exports to counter economic sanctions. Light, sweet crude for March delivery gained 1.50 dollars, or 1. 55 percent, to settle at 98.41 dollars a barrel on the New York Mercantile Exchange. In London, Brent crude also rose and last traded around 116 dollars a barrel.  

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