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Markets

ICE Brent crude futures rise $1 to $113.30 a bbl

LONDON : ICE Brent crude futures rose $1 to $113.30 a barrel on Friday after central banks launched coordinated action t
16 Sep 2011

oilLONDON: ICE Brent crude futures rose $1 to $113.30 a barrel on Friday after central banks launched coordinated action to boost European bank funding, easing concern about falling oil demand from industrialised consumers and because of the recent delays on key North Sea crude oil loadings.

November Brent hit as high as $113.33 and it was trading 98 cents up at $113.28 by 0781 GMT.

 

Copyright Reuters, 2011