Mon, 19 Mar 2012 17:31:39 GMT
Energy commodities soared as rumours on US and UK oil reserves release denied
Energy commodities surged on Friday on the weaker US Dollar and escalated geopolitical tensions. The commodity group was earlier exposed to the speculation on the US and the UK's decision to release strategic oil reserves. However, rumours were later denied thus pushing the energy prices up. Meanwhile, Asian countries are attempting to be excluded from Iranian oil embargo. US inflationary