BLBG:Crude Oil Rises in London as EU Officials Agree to Phased Iran Embargo
Brent crude oil rose in London after a European Union official said diplomats agreed to place an embargo on Iran oil with a phase-in. The official spoke on condition of anonymity.
Brent oil for March settlement rose as much as 56 cents, or 0.5 percent, to $110.42 a barrel on the London-based ICE Futures Europe exchange.
To contact the editor responsible for this story: John Buckley at johnbuckley@bloomberg.net
