Tensions Send Oil Higher –

Crude oil traded at a 9 month high as tensions increased with Iran cutting supplies to companies from the U.K. and France.  In addition, traders weighed the economic gains of a second Greek bailout.  Crude Oil rose to $105 a barrel which is the highest mark since May 5th.

To read a related Bloomberg article, please click here:

http://www.bloomberg.com/news/2012-02-20/oil-rises-to-nine-month-high-on-iran-export-halt-europe-bailout-meeting.html

Jim Sutliff

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