WTI crude oil futures opened Wednesday’s trading session firm over $101 a barrel after tensions with Iran resurfaced concerning the Strait of Hormuz, as Iran warned that oil sanctions on Tehran would see the strait closed. Latest WTI Oil Price US Light crude oil futures for February 2012 delivery was trading at $101.43 a barrel, 08.07 GMT this morning in electronic trading on the NYMEX. Both WTI and Brent oil prices jumped over 2 percent on Tuesday following the news
WTI crude oil trading firm over $101 a barrel on Iran supply threats
WTI crude oil futures opened Wednesday’s trading session firm over $101 a barrel after tensions with Iran resurfaced concerning the Strait of Hormuz, as Iran warned that oil sanctions on Tehran would see the strait closed. Latest WTI Oil Price US Light crude oil futures for February 2012 delivery was trading at $101.43 a barrel, 08.07 GMT this morning in electronic trading on the NYMEX. Both WTI and Brent oil prices jumped over 2 percent on Tuesday following the news
