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.
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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.
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.
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