Tensions Surrounding Iran and Market Fundamentals Have Sent the Price of Brent Close to 66/B

摘要

Oil prices are once again on the rise,and have been for the past two weeks.The upward movement has been gathering pace,and at the close of trading on 27 March,Brent for May contracts was up to 64.41/b on the ICE Futures market in London.On the New York Mercantile Exchange (Nymex),West Texas Intermediate (WTI),which has been lagging behind Brent in recent weeks,closed at 62.93/b the same day.