USD 64.2548

-0.11

EUR 70.8473

-0.08

BRENT 58.87

+0.03

AI-92 42.16

+0.05

AI-95 45.93

+0.05

AI-98 51.82

-0.03

Diesel 46.15

+0.11

24

Crude Price Crossed $70 Mark

Crude prices crossed over the $70 a barrel mark on tensions between Iran and the US

Crude prices crossed over the $70 a barrel mark on tensions between Iran and the US, combined with continuing fighting in Nigeria are set to push up oil prices towards a record $80 in the summer of 2007.

London's Brent crude closed $1.08 higher at $70.60, in the US light sweet crude rose 26 cents to close at $65.77.

US light, sweet crude for July delivery rose 21 cents to $64.39 a barrel in electronic trading on the New York Mercantile Exchange in Singapore.