(EnergyAsia, April 6 2011, Wednesday) — Brent crude oil closed at a new 30-month high of US$121.06 a barrel on Monday, setting the stage for further price increases. US WTI was hovering at around US$108. Geopolitical worries in the Middle East and North Africa, along with the worsening nuclear crisis in Japan have been bolstering…
MARKETS: Brent crude surged past US$120 a barrel, sparking new inflation fears
Posted on April 6, 2011 by EnergyAsia