الرئيسية
* Iran's big oil buyers cut back
* Europe seals new Greek bailout
(Updates throughout; previous SINGAPORE)
LONDON, Feb 21 (Reuters) - Oil held near $120 a barrel
on Tuesday as world consumers grappled with supply disruptions
ranging from Iran to Sudan to the North Sea.
Oil also rose briefly after Europe's much-awaited bailout of
Greece. But while the deal resolves Athens' immediate financing
needs, it is unlikely to revive its shattered
economy.
Brent rose 1 cent to $120.06 by 0935 GMT after
closing above $120 on Monday for the first time since June 15.
U.S. crude was at $104.87, up $1.63, after touching
$105.44 on Monday, its highest since May 5. The New York
Mercantile Exchange did not issue a settlement price on Monday
because of a holiday and the contract expires on Tuesday.
* Europe seals new Greek bailout
(Updates throughout; previous SINGAPORE)
LONDON, Feb 21 (Reuters) - Oil held near $120 a barrel
on Tuesday as world consumers grappled with supply disruptions
ranging from Iran to Sudan to the North Sea.
Oil also rose briefly after Europe's much-awaited bailout of
Greece. But while the deal resolves Athens' immediate financing
needs, it is unlikely to revive its shattered
economy.
Brent rose 1 cent to $120.06 by 0935 GMT after
closing above $120 on Monday for the first time since June 15.
U.S. crude was at $104.87, up $1.63, after touching
$105.44 on Monday, its highest since May 5. The New York
Mercantile Exchange did not issue a settlement price on Monday
because of a holiday and the contract expires on Tuesday.