The price of oil on world commodity exchanges fluctuated Wednesday morning in response to threats from Iran to block shipping in the Persian Gulf.
The price of a February futures contract for WTI light sweet crude in electronic trading on Nymex was up 8 cents to $101.42 a barrel by 9:10 Moscow time. The price of a February futures contract for North Sea Brent blend was down 1 cent to $109.26 in London.
The day before, February WTI contracts rose $1.66 to $101.34 a barrel, while February Brent contracts were up $1.31 to $109.27.
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Source: http://www.oilandgaseurasia.com/news/p/0/news/13816/
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