Singapore: Oil was mixed Wednesday in Asian
trade amid renewed tensions over Iran's nuclear programme,
analysts said.
New York's main contract, light sweet crude for
January delivery, dropped five cents to USD 78.32 a barrel.
Brent North Sea crude for January delivery was 88
cents higher at USD 79.35 a barrel.
Both contracts had closed higher yesterday.
"Iran is very bullish," said Ellis Eckland, an
independent analyst.
Tensions simmered as Iran hit out at its long-time
nuclear partner Russia over a yes vote for a censure motion at
the UN atomic watchdog and insisted it was serious about plans
for 10 additional uranium enrichment plants.
"Russia made a mistake. It does not have an accurate
analysis of today's world situation," Iran's President Mahmoud
Ahmadinejad said yesterday in a televised interview.
Iran announced on Sunday it plans to build 10 new
uranium enrichment plants, heaping scorn on a rebuke by the UN
atomic watchdog for constructing its second such plant near
the Shiite holy city of Qom. Twenty-five IAEA members voted
against Tehran and asked it to freeze the building of the
plant.
In late US trade yesterday, the euro traded at USD
1.5082, up from USD 1.5005 late on Monday in New York.
PTI
First Published: Wednesday, December 02, 2009, 10:31