Analysts said prices were likely to rise further as long as Iran's dispute with the international community over its nuclear intentions remained a potential flashpoint.
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Crude Oil Hit Next Record 7th Time
Crude oil traded in London hit a record high of $74.22
Crude oil hit a record high of $74.22 a barrel on Thursday in London, the seventh consecutive day.
Brent crude later eased to $73.18 while US light, sweet crude touched a record $72.49 before closing at $71.95.
Analysts said prices were likely to rise further as long as Iran's dispute with the international community over its nuclear intentions remained a potential flashpoint.
Analysts said prices were likely to rise further as long as Iran's dispute with the international community over its nuclear intentions remained a potential flashpoint.
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