July 03, 2013 at 07:07 AM EDT
Brent Surges on Geopolitical Worries
Brent crude oil surged on Wednesday morning as geopolitical tension revived supply interruption fears and positive data injected some positivism into the market. The commodity traded at $104.91 at 6:00 GMT as investors waited for data which would confirm a drop in US stockpiles. According to Reuters , US crude inventories
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