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Sasol up, tracks oil price

Jul 03 2012 10:10 Reuters

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Johannesburg - Sasol [JSE:SOL], the world’s biggest maker of fuel from coal, tops the gainers’ list on South Africa’s blue-chip index, rising nearly 2% on the price of crude oil.

South Africa-based Sasol, which produces fuel cheaper than competitors but sells at the same regulated price, is up 1.8% at R346.38.

Brent crude climbed above $98 per barrel on Tuesday as escalating tensions between Iran and the West offset concerns that gloomy manufacturing data from China, the United States and Europe will hurt oil demand.

 
sasol  |  oil
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