03 August 2012 09:25 [Source: ICIS news]
SINGAPORE (ICIS)--US crude oil futures rose by more than $1/bbl in the afternoon trade on Friday amid fresh concerns about oil supplies after the ?xml:namespace>
At 07:41 GMT, September NYMEX light sweet crude futures (WTI) were trading at $88.14/bbl, up $1.01/bbl from the previous close. The
Meanwhile, September Brent crude on
The US Congress passed a bill on Wednesday that builds on and tightens existing measures that aim to punish financial institutions and firms that deal with
The new bill builds upon legislated sanctions introduced by the
($1 = €0.82)
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