Brent crude settles higher on Iran tensions, Spain budget

NEW YORK, Sept 27 | Thu Sep 27, 2012 8:14pm BST

NEW YORK, Sept 27 (Reuters) - Brent crude futures rose on Thursday as tensions between the Iran and the West reinforced concerns about potential supply disruptions, while Spain's plans for economic reform also lent support to oil and lifted equities on Wall Street.

Brent November crude rose $1.97, or 1.79 percent, to settle at $112.01 a barrel, having traded from $109.68 to $112.40.� (Reporting by Robert Gibbons)
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