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NEW YORK, May 2 (Xinhua) -- World crude oil prices surged above 74 dollars Tuesday amid continued worries over the Iranian nuclear issue.
New York's main contract, light sweet crude for delivery in June,
rose 91 cents to end at 74.61 dollars a barrel.
On London's ICE Futures exchange, the price of Brent North Sea crude
for June delivery was up 75 cents to finish at 74.64 dollars a barrel, after
hitting a new high of 74.97 dollars.
U.S. Energy Department will released its weekly report on oil
inventories Wednesday. Most analysts predict that gasoline stocks declined for
the ninth straight week, according to a Dow Jones Newswires survey.
Traders are still concerned about a possible halt in Iran's oil
exports if the United Nations imposes an international sanction on Teheran for
its nuclear activities.
Iranian top envoy Seyyed Ali Moujani said on Tuesday that Iran has no
specific expectations from the Paris meeting of the five permanent UN Security
Council members and Germany. Enditem |