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Overnight headlines 30/07/2012

Published Monday, July 30th, 2012

Good morning, 07:30 am London time

Sep Brent: 106.29 (-0.20)

Sep WTI 90.27 (0.14)

Aug Gasoil: 912.25 (1.50)

£/$: 1.5725

Euro/$ 1.2310

World News:

-Asian stocks rose this morning as hopes for European policymakers to support the euro increase.

-Syrian troops claim they have recaptured Aleppo districts after violent battles against the rebels.

-Mitt Romney in Israel declares that “any and all measures” will be used from developing a nuclear weapon, as he tries to get international support for his campaign.

-Italy will sell up to 5.5 billion euros in bonds at an auction today, as rising expectations for firmer policy moves might help the country.

Oil News:

-WTI and Brent rose to weekly highs Friday due to increased hopes the US and Europe will act to boost growth.

-Japan’s crude oil imports from Iran rose 60.5% in June.

-Enbridge Energy Partners says uncertain about restart of the Wisconsin pipeline that leaked 1,200 barrels on Friday.

-First crude in nine months is seen to be arriving in Yemen’s Aden refinery.

-Lundberg Survey in US says average gasoline prices at the pump have increased for the first time in 14 weeks.

-Valero’s Port Arthur refinery is reporting benzene emissions this morning.

Posted by Tamas Varga

Tamas Varga has been in the oil industry since 1992 and with PVM for 18 years. During his time in the industry he has gathered a range of experience in the oil markets. At PVM Tamas is in charge of data collection and analysis.