(Reuters) - Brent crude oil rose above $112 a barrel on Thursday, extending gains for a third day on persistent worries over supply from Iran, while upbeat global manufacturing data also boosted appetite for riskier assets.
US lawmakers are considering a bid to force
President Barack Obama's administration to blacklist Iran's President
Mahmoud Ahmadinejad and the country's supreme leader, Ayatollah Ali
Khamenei, in an effort to thwart Tehran's nuclear capabilities.
fresh penalties would build on a new oil embargo by Europe and
sanctions by the United States that seek to shut Iran's main
clearinghouse for oil revenues, the Iranian central bank.
is a stalemate that will continue to squeeze Iran," Barratt said. "It's
against everyone's interest to have a conflict as they don't want to
see crude at $140-$150.