29.04.2015 - Oil market climbs on Iran reports
Oil prices have risen, reversing earlier losses on confusion surrounding reports that Iran had taken control of a container ship in the strategic Strait of Hormuz, dealers say. New York's benchmark West Texas Intermediate for June delivery added US2c to $US57.02 a barrel. London's Brent North Sea crude for June gained US16c to $US64.99 a barrel in late afternoon deals. "During the afternoon ... reports hit, and were later denied, of Iranian forces taking control of a US vessel," IG analyst Chris Beauchamp said...............................................Full Article: Source
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