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27/04/2015 07:17 AST
US crude held above US$57.15 a barrel on Monday, close to a 2015 high as fights in Yemen intensified and U.S.-led air strikes targeted Islamic State militants in Syria, creating more tensions over the security of Middle East oil supplies.
FUNDAMENTALS
* U.S. crude edged up 1 cent at US$57.16 a barrel as of 0000 GMT after it closed down 59 cents at US$57.15 a barrel on Friday, retreating from Thursday's 2015 high of US$58.41.
* Brent gained 7 cents at US$65.35 a barrel. It previously settled up 43 cents at US$65.28 a barrel after hitting a Dec. 10 high of US$65.80.
* Fighting has escalated across Yemen on Sunday in some of the most widespread combat since a Saudi-led alliance intervened last month against Iranian-allied Houthi militia who have seized large tracts of the country.
* Yemeni Foreign Minister Riyadh Yaseen on Sunday rejected a call for peace talks issued by former president Ali Abdullah Saleh and said a Saudi-led military campaign against Iran-allied Houthi fighters opposed to his government had not ended.
* In Syria, U.S.-led forces targeted Islamic State militants with seven air strikes from Friday to Saturday morning and conducted 16 strikes against the group in Iraq, the U.S. military said.
The Star
Ticker | Price | Volume |
---|---|---|
SABIC | 114.77 | 5,915,941 |
(In US Dollar) | Change | Change(%) | |
---|---|---|---|
Brent | 68.12 | -2.02 | -2.88 |
WTI | 63.51 | 0.5 | 0.79 |
OPEC Basket | 64.98 | -1.5 | -2.26 |
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