Traders are still concerned about Iran's nuclear standoff with the international community and violence in Nigeria that has forced the shutdown of more than half a million barrels a day of supply.
130
$70: Price of Crude Oil
World crude oil prices hit a seven-month high of $70 Tuesday
World crude oil prices hit a seven-month high of $70 Tuesday amid concerns that Iran's nuclear standoff and violence in Nigeria could undermine supplies.
New York's main contract, light sweet crude for delivery in May, added 24 cents to close at $68.98 a barrel, its highest closing price since Sept. 1.
On London's ICE Futures exchange, the price of Brent North Sea crude for May delivery soared to $70.03 a barrel, its record high since 1988.
Traders are still concerned about Iran's nuclear standoff with the international community and violence in Nigeria that has forced the shutdown of more than half a million barrels a day of supply.
Traders are still concerned about Iran's nuclear standoff with the international community and violence in Nigeria that has forced the shutdown of more than half a million barrels a day of supply.
Подпишитесь
