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BEIJING, April 18 (Xinhua) -- World crude oil prices
surged to fresh intraday highs on Tuesday, amid international tensions over
Iran's nuclear program.
New York's main contract, light sweet crude for
delivery in May, rose 48 cents to 70.88 dollars a barrel in Asian electronic
trading, surpassing the previous intraday record high of 70.85 dollars set on
Aug. 30, when Hurricane Katrina lashed the U.S. Gulf Coast.
The price of Brent crude for June delivery at
London's ICE Futures exchange also hit a new intraday record in early trade
Tuesday, touching 71.93 dollars a barrel.
Traders are anxious that the U.S.-led efforts to stop
Iran, OPEC's second-largest member, from pursuing a suspected nuclear weapons
program could result in a disruption in Pesrian Gulf supplies.
New York's main crude contract closed Monday at 70.40
dollars per barrel while London's main contract closed the same day at 71.46
dollars a barrel. Enditem |