USD 80.5268

-0.16

EUR 93.3684

-1.09

Brent 66.42

-0.27

Natural gas 2.801

-0.01

107

Oil Futures Rose On Iran, Nigeria Uncertainty

World crude oil prices surged above $73 on Thursday

Oil Futures Rose On Iran, Nigeria Uncertainty

World crude oil prices surged above $73 on Thursday amid worries over Nigeria and Iran.

New York's main contract, light sweet crude for delivery in June, added $1.19 to close at $73.32 a barrel.

On London's ICE Futures exchange, the price of Brent North Sea crude for June delivery was up 99 cents to settle at 73.43 dollars a barrel.

Three foreign workers were kidnapped on Thursday in Port Harcourt, Nigeria., after the murder of an American oil industry executive in the same city.

About one-fourth of Nigeria's daily output is still shut after a series of militant attacks. Nigeria is Africa's leading oil producer and the fifth-biggest source of U.S. oil imports.


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