Monexnews-brent oil Contract traded as high as 9 months in London after moving up in 4 weeks, strengthening the terlamanya since July. The superpower countries have still not been able to prevent Iran in terms of its nuclear program, said Iran's President, Mahmoud Ahmadinejad.
"The positive Outlook for international demand continues", said Ric Spooner, a chief market analyst of CMC Markets in Sydney. "The Inventory Data in the US, retail sales and industrial production until the end of next week still give estimates of short-term economic activity in the US".
The brent contract for March were $ 118.88 a barrel, down 2 cents.
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