| Kippreport.com

Brent crude ends up 4th day as August contract expires

July 17, 2012 11:30 by Reuters

Brent crude futures rose a fourth straight session on Monday, lifted by hopes for economic stimulus measures, especially in China, and by tensions with Iran and news a U.S. Navy vessel off the United Arab Emirates fired on an approaching fishing boat that failed to heed warnings.

Expiring front-month Brent August crude rose $1.15, or 1.12 percent, to settle at $103.55 a barrel, while Brent September crude rose $1.95 to settle at $103.37 a barrel.

(Reporting by Robert Gibbons; Editing by Phil Berlowitz)

Tags: crude, economic stimulus, Energy, Futures, U.S. Navy vessel