Brent oil hits $104 | business | Hindustan Times
Today in New Delhi, India
Dec 07, 2016-Wednesday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

Brent oil hits $104

business Updated: Feb 17, 2011 21:24 IST
Highlight Story

World oil prices fell lightly on Thursday, after briefly breaching $104 again, as tensions eased over supply concerns in the Middle East.

Brent North Sea crude for delivery in April dipped 12 cents to $103.66, after earlier touching $104.30 in Asian trade.
New York's main contract, light sweet crude for March, slipped 28 cents to $84.71.

“This morning, crude oil prices retreated ... as concerns eased about tensions in the Middle East,” said Sucden analyst Myrto Sokou.

Brent oil jumped to $104.52 on Wednesday — its highest level since late September 2008 —after Israel said Iran was sending two warships into the eastern Mediterranean.