Oil price rises from six week low
Middle East: Monday, July 21 - 2008 at 09:29
Rising tensions with Iran and a potential hurricane in the Gulf of Mexico have pushed oil prices up from six week lows, according to Bloomberg reports. Prices for August delivery rose to $130.13 on the New York Mercantile Exchange, still below the highs seen a few weeks ago. Iran has two weeks to respond to calls to suspend nuclear enrichment or face new sanctions.
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StaffMonday, July 21 - 2008 at 09:29 UAE local time (GMT+4)
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