Brent crude oil futures open Friday’s trading session flat, near $115 a barrel as investors weigh up rising unrest in the Middle East which continues to be the main driver of short term oil price direction. Latest Brent Oil Price In London, Brent crude oil futures for May 2011 delivery was trading at $115.68 a barrel, 06.30 GMT this morning on the ICE Futures Exchange. Middle East Unrest Spreading Airstrikes from the US and its allies intensified in Libya while forces loyal to Moammar Gadhafi remain entrenched, leaving little hope that the 1.6 million barrels a day of oil from the country will return to the market any time soon.
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Brent crude trading at $115, Middle East still driving oil prices
Brent crude oil futures open Friday’s trading session flat, near $115 a barrel as investors weigh up rising unrest in the Middle East which continues to be the main driver of short term oil price direction. Latest Brent Oil Price In London, Brent crude oil futures for May 2011 delivery was trading at $115.68 a barrel, 06.30 GMT this morning on the ICE Futures Exchange. Middle East Unrest Spreading Airstrikes from the US and its allies intensified in Libya while forces loyal to Moammar Gadhafi remain entrenched, leaving little hope that the 1.6 million barrels a day of oil from the country will return to the market any time soon.