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Lawrence Korb, Center for American Progress, and Marc Ginsberg, former U.S. ambassador to Morocco, discuss the latest escalation of violence in the Middle East.
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LONDON, Feb 1- Brent crude oil rose above $116 on Friday to reach a four-month high after a suicide bombing attack on the U.S. embassy in Ankara increased the focus on tension across the region. Brent futures for March rose $1.18 to a high of $116.73 a barrel, its highest since mid-September, before easing back to around $116.25 by 1500 GMT.
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*Middle East tension stokes supply worries. LONDON, Feb 1- Brent crude oil rose towards $116 on Friday, heading for a sixth consecutive week of gains on rising economic optimism and tension across the Middle East, the world's biggest oil region.
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*China official PMI slightly lower than expected. SINGAPORE, Feb 1- Brent crude climbed towards $116 a barrel on Friday, its highest level in more than three months, as escalating tension in the Middle East stoked supply worries. Brent had risen 23 cents to $115.78 a barrel by 0737 GMT, after an earlier high of $115.91 marking its highest since mid-October.
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*China official PMI slightly lower than expected. SINGAPORE, Feb 1- Brent crude hovered on Friday above $115 a barrel, its highest level in more than three months, as escalating tension in the Middle East stoked supply worries. Brent had risen 27 cents to $115.82 a barrel by 0552 GMT, after an earlier high of $115.91 marking its highest since mid-October.
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The spread had narrowed earlier this month with the start up of the expanded Cushing to Texas Seaway pipeline, which had been expected to to draw down Midwest inventories bulging from rising North American production.
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*China official PMI slightly lower than expected. SINGAPORE, Feb 1- Brent crude hit its highest in more than three months on Friday and held above $115 a barrel as escalating tension in the Middle East stoked supply worries. But disappointing economic data from China, the world's second largest oil consumer, capped gains.
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SEOUL, Feb 1- U.S. crude oil futures steadied on Friday, giving up early gains, after China's official factory activity gauge missed market expectations.
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NEW YORK, Jan 31- Brent crude oil futures rose to three-month highs on Thursday, widening its premium over U.S. crude, concerns about rising crude stockpiles in the U.S. Traders cited concerns about stockpiles at the Cushing, Oklahoma delivery point for the U.S. contract, which have pushed to record highs.
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Jan 31- Schlumberger Ltd, the world's largest oilfield services company, said on Thursday it would wind down operations in Iran this year after booking $208 million in net income there in 2012..
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*Syria says Israel bombed military research centre. The foreign ministry summoned the head of the U.N. force in the Israeli-occupied Golan Heights to deliver the protest a day after Israel hit what Syria said was a military research centre and diplomats said was a weapons convoy heading for Lebanon.
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NEW YORK, Jan 31- Brent crude oil prices edged higher on Thursday, briefly touching a three-month high, as traders weighed mixed economic data from the United States and Europe. The international benchmark rose to $115.25 a barrel, the highest level since mid-October, before retreating as U.S. crude and gasoline futures sank.
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"I wouldn't read too much into it," said Carsten Fritsch, an oil analyst at Commerzbank in Frankfurt, adding he expected oil prices to make further gains this week. Brent slipped 23 cents to $114.67 a barrel by 1452 GMT, after earlier hitting $115.25, the highest since Oct. 16.
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*Hezbollah, Russia, Iran denounce attack. *Syria says Israel bombed military research centre. Damascus could take "a surprise decision to respond to the aggression of the Israeli warplanes", Syrian ambassador to Lebanon Ali Abdul-Karim Ali said a day after Israel struck against Syria.
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"I wouldn't read too much into it," said Carsten Fritsch, an oil analyst at Commerzbank in Frankfurt, adding he expected oil prices to make further gains this week. And we have these ongoing supply risks in the Middle East and North Africa, with more and more countries coming into the spotlight, like Algeria and Egypt. "
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SINGAPORE, Jan 31- Brent crude hovered near $115 per barrel on Thursday, not far from a more than three-month high, as the U.S. So better news out of China and expectations for recovery in the United States caused risk money to come back into equities, commodities and energy, "said Tony Nunan, an oil risk manager at Mitsubishi.
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SINGAPORE, Jan 31- Brent crude edged up to a more than three-month high above $115 per barrel on Thursday, as the U.S. So better news out of China and expectations for recovery in the United States caused risk money to come back into equities, commodities and energy, "said Tony Nunan, an oil risk manager at Mitsubishi.
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SINGAPORE, Jan 31- Brent crude edged up to a more than three-month high above $115 per barrel on Thursday, as the U.S. So better news out of China and expectations for recovery in the United States caused risk money to come back into equities, commodities and energy, "said Tony Nunan, an oil risk manager at Mitsubishi.
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Lawrence Korb, Center for American Progress, and Marc Ginsberg, former U.S. ambassador to Morocco, discuss the latest escalation of violence in the Middle East.
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TOKYO, Jan 31- U.S. crude futures rose for a fourth day on Thursday to above $98 a barrel, holding near a four-and-a-half month high hit a day earlier, supported by better-than-expected European economic data that improved the outlook for global fuel demand.
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Israel conducted a rare airstrike on a military target inside Syria near the border with Lebanon, foreign officials and Syrian state TV said Wednesday, amid fears President Bashar Assad's regime could provide powerful weapons to the Islamic militant group Hezbollah.