Brent crude rose more than 2 % on Tuesday on the threat of supply disruption as tensions escalate in the
Middle East. Brent November crude rose $2.68, or 2.40 %, to settle at $114.50 a barrel, having traded from $111.97 to $114.72.
Oil Declines From One-Week High as Crude Stockpiles Seen Rising
Oil declined from the highest level in a week in New York before a government report that may show stockpiles climbed in the U.S., the world’s biggest crude user. Futures slipped as much as 0.7 % after surging 3.4 % yesterday amid increased Middle East tension. Crude inventories probably rose by 1.5 million barrels last week, according to a survey .
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Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reached a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.Read the Terms of Service
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