25 September 2012 13:37 [Source: ICIS news]
LONDON (ICIS)--Crude oil futures gained more than $1.00/bbl on Tuesday buoyed by heightened tensions over Iran’s nuclear programme amid moves by the US to tighten sanctions against Tehran.
By 12:03 GMT, the front-month November ICE Brent contract reached an intra-day high of $111.25/bbl, a gain of $1.44/bbl compared with Monday's settlement. The contract then edged a little lower to trade around $110.90/bbl.
At the same time the front-month November NYMEX WTI contract was trading around $92.85/bbl, having touched an intra-day high of $93.07/bbl, a gain of $1.14/bb lcompared with Monday's settlement.
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