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NEW YORK, May 23 (Xinhua) -- World crude oil prices
surged above 71 dollars Tuesday amid concerns over an active hurricanes season,
on the eve of U.S. weekly energy stocks report.
New York's main contract, light sweet crude for delivery in July, rose 1.80 dollars to close at 71.76 dollars
a barrel.
In London, Brent North Sea crude for July delivery
added 1.65 dollars to 71.00 dollars a barrel.
U.S. National Weather Service said Monday the
six-month Atlantic hurricane season, which starts in June and end in November,
is "very active", although is unlikely to reach the records set last year, when
there were 28 tropical storms, 15 of which strengthened into hurricanes.
"It is statistically within reason to assume that two
to four hurricanes could affect the United States," said Vice Admiral Conrad
Lautenbacher, who heads the Administrator of the National Oceanographic
Administration.
The Energy Department will update the inventory
statistics Wednesday morning.
Traders are still concerned about Iran's nuclear
standoff with the international community.
Iran's Foreign Minister Manouchehr Mottaki expressed
hope Tuesday that Europe's latest proposal aimed to resolve the standoff over
Iran's nuclear program would be comprehensive and balanced.
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