USD 64.3008

0

EUR 69.4191

0

BRENT 54.77

-3.17

AI-92 42.43

0

AI-95 46.31

-0.01

AI-98 52.08

-0.02

Diesel 48.21

0

18

Oil Price Coming Near $70 On Iran Issue

The market has been on edge for weeks over Iran's standoff with the West

Oil prices rose above $68 on Wednesday on the Iran nuclear crisis, offsetting expectations for a build in U.S. domestic crude and product inventories.

U.S. light crude climbed 26 cents to $68.18 a barrel on the NYMEX.

Meanwhile, London's Brent crude jumped 48 cents at $66.47 a barrel at IPE.

The market has been on edge for weeks over Iran's standoff with the West, fearing supply disruptions from the world's fourth biggest oil exporter.