Wednesday, 3 January 2018

Price of oil shot up to its highest level in two and half years



The price of oil has shot up to its highest level in two and a half years, with buying spurred by the sixth day of unrest in Iran.


The protests are the biggest in Iran since 2009, and have prompted speculation among traders that they could disrupt the country's oil supply.


Brent crude, the international benchmark, rose by more than a dollar to hit $67.62 a barrel, the highest since May 2015.


Analysts also pointed to strong economic data in Germany and the US, which, they said, suggested demand for energy would continue to grow.





BBC       News.