Brent prices increased by 56¢ to stand at $104 a barrel today over fears of supply disruption from Central Asian oil producer Kazakhstan.
A third day of protests were held in the capital of Kazakhstan’s western oil-producing region after 15 people were killed in riots.
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But gains were capped by ongoing concerns over the eurozone debt crisis and fears of regional instability following the death of North Korea’s leader Kim Jong-il, reports Reuters.
US crude rose by 37¢ to $94.25 a barrel as fresh signs of economic growth appeared.
Meanwhile, sanction-hit Iran is struggling to maintain its production and Libyan output has been delayed by a month.
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By GlobalData
