USD 65.9961

0

EUR 73.2227

0

BRENT 58.69

0

AI-92 42.19

-0.01

AI-95 45.96

-0.01

AI-98 51.73

0

Diesel 45.8

-0.01

7

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.