Brent crude oil rising: Angel Broking

Mr. Anuj Gupta (DVP - Commodities & Currencies Research, Angel Broking):

"Brent crude oil prices rises almost 1.86% to 4 month high at $ 73.83 per barrel. Support comes from the US and Iran oil import sanctions. US is planning to announce that buyers of Iran oil need to end imports soon or face sanctions. Due to this we expect Brent crude oil price may test $78 to $80 per barrel. Iran is the second largest producer in OPEC group countries."

Source : Equity Bulls

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