Brent Around $120/B, Iran Supply Cuts Support

Published on Tuesday, 21 Feb 11:12 am

Brent crude futures held steady near $120/B on Tuesday, as the euro zone approved a second bailout package for debt-ridden Greece on Tuesday to finance Greece with a €130billion rescue package, averting an imminent bankruptcy, while also boosting the demand outlook for commodities. Brent fell 6 cents to $119.99/B, while US crude was at $104.92/B Tuesday morning in Singapore.

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