Industry News

Brent steady above $112 as Isaac stokes supply worries

August 28, 2012 Comments Off on Brent steady above $112 as Isaac stokes supply worries

August 28, 2012, 7:40 am

By Ramya Venugopal
SINGAPORE (Reuters) – Brent oil futures were steady above $112 a barrel on Tuesday, supported by supply concerns after U.S. companies slashed crude production in the Gulf of Mexico as Tropical Storm Isaac threatened to strengthen into a hurricane.

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