Tensions in Iran and ongoing militancy in Nigeria are driving prices higher. Experts said that prices would spike to $90-100-a-barrel if conditions deteriorate further.
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Oil Crude Touched $70 On Arctic Weather
The delicately balanced oil market is pushing its way toward $70
Oil price pushing its way toward $70, on fears of Iran threads and artcic weather.
US crude hit a $68.80 Friday before falling back to $68.35.
London's Brent crude futures settled up $1.20 to $66.43 in the same period on the IPE.
Tensions in Iran and ongoing militancy in Nigeria are driving prices higher. Experts said that prices would spike to $90-100-a-barrel if conditions deteriorate further.
Tensions in Iran and ongoing militancy in Nigeria are driving prices higher. Experts said that prices would spike to $90-100-a-barrel if conditions deteriorate further.
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