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A rebound in oil prices, geopolitical concerns resurfaced
Source: Chinese fertilizer net   Time:2014-04-30   Read:619second  
Crude oil prices rose Tuesday, as traders moved to geopolitical risk, from Libya to the Russian intervention in Ukraine violence.
On Monday, oil prices hit a month the largest single day decline, because Libya to cancel the eastern Zueitina port oil exports with the exception of force majeure, the traffic is expected to increase.
But on Tuesday, armed men attacked Libya's parliament, causing many injuries, but an army barracks in the eastern city of Benghazi, Dutch act type car bomb killed at least two people were killed, another two wounded. Development of the situation so that investors worried about how fast oil exports to recover.
June Brent crude rose $0.86, or 0.8%, to $108.98 a barrel, after most of the time the above $109. Yesterday, the contract fell 1.4%.
America crude rose $0.44, or 0.44%, to $101.28 a barrel. On Tuesday after the US $102.20.
America government Tuesday to sanctions target enterprises Chinese and Dubai, said its assistance to Iran to escape the arms and oil sanctions. The indications, America will continue to put pressure on the Iran nuclear issue.
Russia and the west, the stalemate situation in Ukraine showed no signs of easing, investors will eventually lead to conflict between crude oil supply disturbed worry.
In USA, investors in the oil inventory data about the upcoming. American Petroleum Association (API) will be released weekly inventory data after the close on Tuesday.
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