Crude Futures Rise on Iran Threat, US Manufacturing Orders

摘要

Crude oil futures rose on Thursday a day after the US Federal Reserve said in- terest rates should remain low well into 2014 and data showed an increase in or- ders for US manufactured goods. That news sparked buying interest in riskier assets such as oil and other commodities. A threat from Iran to cut off its crude exports to the European Union earlier than July when an EU ban on Iranian crude takes effect also helped lift prices as it added to the geopolitical risk premium.