Oil traded near the highest level in three days in New York as speculation supplies from Iran will be disrupted countered concern that economic growth will slow. ›
Oil advanced in New York, trimming the biggest weekly decline in a month, as signs Europe’s debt crisis is easing countered indications a proposed embargo on Iranian crude will be delayed. ›
Oil rose in New York for the first time in four days as Venezuela said OPEC shouldn’t intervene to offset sanctions against Iran and European leaders are scheduled to discuss strategies for resolving their debt crisis. ›
Growing tension with Iran and a threat to global crude supplies may be dominating oil traders’ attention but a potentially bigger story is breaking on the demand side of the market. ›
Oil climbed in New York after manufacturing activity in China and India expanded, while concern persisted that further sanctions against Iran may disrupt supply. ›
