Tuesday, October 07 - 2008

Oil rises as Iran test-fires missile

Iran: Wednesday, July 09 - 2008 at 13:41

Crude oil rose today, Wednesday, after Iran test-fired a long-range missile capable of reaching Israel, reported Bloomberg. The Iranian exercise heightened concerns of an attack by Israel, which was said last month to have rehearsed an air-strike on Iran. Crude oil for August delivery rose as much as $2.24, or 1.7 percent, to $138.28 a barrel in electronic trading on the New York Mercantile Exchange.

Jeff  Florian Jeff Florian, Senior Reporter
Wednesday, July 09 - 2008 at 13:41 UAE local time (GMT+4)

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