USD 64.2548

-0.11

EUR 70.8473

-0.08

BRENT 58.88

+0.04

AI-92 42.16

+0.05

AI-95 45.93

+0.05

AI-98 51.82

-0.03

Diesel 46.15

+0.11

13

Oil Climbing Up on Iran Issue

Oil prices are hovering just below 2005's record high of $70.85

Oil prices climbed to $70.70 a barrel as tension over Iran's nuclear ambitions dominate the market.

US light sweet crude futures rose 30 cents to $70.70 in Asian electronic trading.

London's Brent crude prices have already touched a record $71.46 a barrel on the IPE.

Iran's dispute with the international community has fuelled the price spike as have output disruption in Nigeria.