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Oil prices rise after Egypt bloodbath SINGAPORE: Oil prices rose in Asian trade Thursday on concerns that escalating violence in Egypt will disrupt supplies from the Middle East, analysts said. New York's main contract, West Texas Intermediate for delivery in September, was up 42 cents at $107.27 a barrel in afternoon trade, and Brent North Sea crude for September gained 38 cents to $110.58."Developments in Egypt are on centre stage again and will continue to apply upward pressure on oil prices," said Sanjeev Gupta, head of the Asia-Pacific Oil and Gas Practice at consultancy EY, formerly Ernst and Young. Egyptian security forces stormed the Cairo protest camps of ousted Islamist president Mohamed Morsi's supporters in an assault Wednesday that officials said led to almost 280 deaths across the country. In response to the violence, the army-backed interim government imposed a month-long nationwide state of emergency and curfews in Cairo and 13 other provinces.Traders fear the bloody ...
Brent prices climb towards $111 as Egypt unrest stokes supply fears SINGAPORE: Brent crude prices climbed towards $111 per barrel on Thursday, extending gains from the previous session on a drop in US oil inventories and worries over supplies from the Middle East and North Africa.As a state of emergency was declared by the Egyptian government following deadly clashes between riot police and supporters of ousted President Mohamed Mursi, investors feared that unrest could choke key supply routes such as the Suez Canal or spill over ...
S.Korea's July Iranian crude imports up 38pc y/y: customs SEOUL: South Korea imported 815,447 tonnes of crude oil from Iran in July, up 38 percent from a year ago, preliminary data from the Korea Customs Service showed on Thursday.The amount is equivalent to 5.98 million barrels, according to a Reuters calculation.The world's fifth-largest crude buyer imported a total of 11.16 million tonnes of crude last month, against 10.74 million tonnes imported in the same month a year ago.Final data for South Korea's crude imports ...
Oil prices rise after Egypt bloodbath SINGAPORE: Oil prices rose in Asian trade Thursday on concerns that escalating violence in Egypt will disrupt supplies from the Middle East, analysts said. New York's main contract, West Texas Intermediate for delivery in September, was up 32 cents at $107.17 a barrel in mid-morning trade, and Brent North Sea crude for September gained 39 cents to $110.59."Developments in Egypt are on centre stage again and will continue to apply upward pressure on oil prices," ...
Brent slips towards $109 on US stimulus outlook, but supply worries support SINGAPORE: Brent crude slipped towards $109 per barrel on Wednesday as investors fretted that the US Federal Reserve could start curbing its commodity-friendly stimulus as early as September, but concerns over supply underpinned prices.Brent was down 51 cents at $109.31 a barrel at 0623 GMT, while US oil dipped 43 cents to $106.40.Front-month Brent crude oil futures for September delivery had risen for a third straight session on Tuesday, touching their highest in nearly two ...

 





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