NYMEX WTI Gains US$1.25/bbl on Iran Concerns, Weak Dollar

摘要

NYMEX light, sweet crude for March delivery settled at US$99.58 per barrel (/bbl), up $1.25 on January 23, in response to an agreement by the EU to phase-in an oil embargo on Iran, prompting fresh concerns about supplies. On the first day as spot month, West Texas Intermediate (WTI) for March gained 1.3% versus the January 20 close.