Brent crude prices rose by 4.6% to $87.08 a barrel on Tuesday, its highest level in over a month. The Dutch natural gas contract for August delivery is up nearly 3% to €52.8 a megawatt hour, the highest since early April. UK natural gas contracts for August are up 3.3% to 128.27p a therm. Fears over higher inflation linked to the oil price rise fed expectations of interest rate rise by the Bank of England and European Central Bank.
Iran exported more than 80 million barrels of crude oil and petroleum products in the 26 days following the signing of a memorandum of understanding between Tehran and Washington in Islamabad. TankerTrackers, a platform that monitors oil tanker movements, says the exports are currently worth an estimated 6 billion US dollars.
Brent crude prices rose by 4.6% to $87.08 a barrel on Tuesday, its highest level in over a month. The Dutch natural gas contract for August delivery is up nearly 3% to €52.8 a megawatt hour, the highest since early April. UK natural gas contracts for August are up 3.3% to 128.27p a therm. Fears over higher inflation linked to the oil price rise fed expectations of interest rate rise by the Bank of England and European Central Bank.
Iran exported more than 80 million barrels of crude oil and petroleum products in the 26 days following the signing of a memorandum of understanding between Tehran and Washington in Islamabad. TankerTrackers, a platform that monitors oil tanker movements, says the exports are currently worth an estimated 6 billion US dollars.