http://www.euronews.net/ The price of Brent crude oil rose over one percent on Tuesday around $116 a barrel.
Traders pointed to concerns about the escalating dispute over Iran's nuclear programme as a big reason.
Other factors include strong demand for heating oil as winter approaches in the northern hemisphere, low stockpiles of some oil products in Europe and the US and the fact that China became a net importer of diesel in November.
Traders pointed to concerns about the escalating dispute over Iran's nuclear programme as a big reason.
Other factors include strong demand for heating oil as winter approaches in the northern hemisphere, low stockpiles of some oil products in Europe and the US and the fact that China became a net importer of diesel in November.
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