USD 80.5268

-0.16

EUR 93.3684

-1.09

Brent 66.42

-0.27

Natural gas 2.801

-0.01

96

Oil Prices Revived Again

World oil prices have risen yet again on Monday

Oil Prices Revived Again

World oil prices have risen yet again on Monday due to the misunderstanding between the West and Iran on its nuclear program.

Iran still appears to ignore a United Nations deadline to stop enriching uranium.

New York main benchmark, US light crude was up 57 cents to $72.45 per barrel by mid-afternoon in Europe.

Meanwhile, London's Brent had gained 58 cents to $72.60 in quiet trading on ICE Futures.

On Sunday Iran's top nuclear negotiator said his country was "allergic to the suspension" of uranium enrichment.

Iran, the second-largest exporter in oil producing nations group Opec, insists its nuclear ambitions are limited to building power stations, but the US fears that Tehran aims to build nuclear weapons.


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