On the ICE Futures Brent crude rose 87 cents to $71.08 a barrel.
The rise followed a US rejection of Iranian president Mahmoud Ahmadinejad's letter to the US on Monday.
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Oil Price Up Again After Mahmoud Letter
The rise followed a US rejection of Iranian president Mahmoud Ahmadinejad's letter to the US on Monday
The price of US light crude oil has climbed after fears over Iran's nuclear ambition increased.
US light sweet crude rose 92 cents higher at $70.69 per barrel after hitting a session peak of $71.45 a barrel.
On the ICE Futures Brent crude rose 87 cents to $71.08 a barrel.
The rise followed a US rejection of Iranian president Mahmoud Ahmadinejad's letter to the US on Monday.
The full contents of the letter from Mr Ahmadinejad to President Bush have not been published, but it is understood it was critical of the US-led invasion of Iraq and urged Mr Bush to return to religious principles.
On the ICE Futures Brent crude rose 87 cents to $71.08 a barrel.
The rise followed a US rejection of Iranian president Mahmoud Ahmadinejad's letter to the US on Monday.
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