USD 65.6196

-0.64

EUR 72.8312

-0.67

BRENT 59.24

-0.71

AI-92 42.28

+0.02

AI-95 46.05

+0.01

AI-98 51.75

+0.02

Diesel 45.99

+0.03

6

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.