Brent crude has risen to $123.88 a barrel today. Analysts believe the upbeat economic data from China and the US bolstered the demand outlook and concern persisted about supply disruption from Iran.
On demand side, a report on Wednesday showed the US economy grew faster than initially thought in the fourth quarter, and a Chinese government survey showed factories' output grew more than expected in February.
On supply side, uncertainties over future Iranian supplies and the continuing conflict in Syria also pushed the prices up.
Sources: Reuters & Bloomberg
The US/Zionists and their little Euro puppies have only themselves to blame as they rant hollow threats that undermine their own deadbeat economies. The Arab freedom fight is now moving to Saudi pimpdom as today's major pipeline blast in Qatif shows.
ReplyDeleteThe US should be careful not to let the alCIAda genie out of the bottle via puny pups Qatar and UAE since the "Arab Sping" is literally blowing all over the place. Watch for oil pushing $150 by northern summer even without a shot being fired in the Persian Gulf. US is dumber than dumb under Zionist rule. Only the jobless, homeless and hopeless millions in the bankrupt US will suffer along with the unemployed Eurotrash.
As any half-brain nit wit can discern the Saudi pimps have no "excess oil capacity". Way to go US crazies..
What goes up will come down.
ReplyDeleteThis also applies to dictatorships like the Islamic regime.
With 70% voter turnout and massive public support...highly unlikely..however dream on....
ReplyDeleteAnon 6:57 PM
ReplyDelete70% voter turnout and massive public support?
Who said Farce news LOL ?!
No pal your the dreamer who believes their horseshit.
Anon 6:57 PM
ReplyDeleteSo says the fossil from Press TV.