Brent crude up for eighth day near $117; economic risks may cap rise

By International Business Times,  September 17, 2012, 04:31:18 AM EDT

(Reuters) - Brent crude rose for the eighth consecutive session on Monday to just below $117 a barrel, though prices stayed under a four-month peak hit on Friday on worries that high oil prices could hamper efforts to boost a struggling world economy.

Oil has been boosted by the U.S. Federal Reserve's aggressive moves last week to stimulate the world's biggest economy, but Brent crude's rally of about a third since late June could backfire by undermining demand in a fragile economy.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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