Brent crude gained 12 cents, to $119.05 a barrel, over fears of supply disruptions from the Middle East and a delay in a second bailout package for Greece.
US crude fell 27 cents to $101.53 after data showed a drop of 171,000 barrels in crude oil stockpiles last week.
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Ratings agency Moody’s said it may cut the credit ratings of 17 global and 114 European financial institutions, increasing fears of the debt crisis spreading globally, reports Reuters.
Sanction-hit Iran announced advances in nuclear know-how, including new centrifuges, a move that may heighten tensions with the West.
