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NEW YORK, April 13 (Xinhua) -- World crude oil prices
rose above 69 dollars Thursday before the long weekend, amid worries of supply
in Iran and Nigeria.
New York's main contract, light sweet crude for
delivery in May, added 70 cents to close at 69.32 dollars 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 climbed 71 cents to 70.57 dollars a barrel, its
record high since 1988.
On the New York Mercantile Exchange, the heating oil
rose 0.85 cent to 1.9831 dollars a gallon as gasoline futures was up 1.68 cents
to 2.1079 dollars per gallon. Natural gas futures was up 32.7 cents to 7.135
dollars per 1,000 cubic feet.
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.
Iran's chief nuclear negotiator Ali Larijani said on
Thursday that Iran would not resume suspension of uranium enrichment activities,
after talks with UN nuclear chief Mohamed ElBaradei.
The United States appealed to the UN Security Council
on Thursday to take measures against Iran which announced early this week to
have produced enriched uranium.
U.S. Energy Department said Wednesday in its weekly
report that crude oil reserves increased 3.2 million barrels to 346 million
barrels, the highest level in eight years.
Inventories of gasoline shrank by 3.9 million barrels
to 207.9 million barrels. The nation's supply of distillate, which includes
diesel and heating oil, fell by 4.2 million barrels in the week to 117.4
million.
The New York Mercantile Exchange will be closed
Friday in observance of Good Friday. Enditem |