NEW YORK, June 6 (Xinhua) -- World crude oil prices fell modestly Tuesday
as concerns over Iran eased.
New York's main contract, light sweet crude
for delivery in July, dipped 10 cents to finish at 72.50 dollars per barrel
after falling as low as 71.35 dollars.
In London, Brent North Sea crude
for July delivery shed 56 cents to 70.81 dollars per barrel.
U.S. State
Department spokesman Sean McCormack said on Tuesday that the United States will
give Iran "a little bit of space" to consider a package of incentives intended
to resolve the nuclear crisis with Iran.
Meanwhile, U.S. Energy Secretary
Samuel Bodman said on Tuesday that he does not anticipate an oil supply
disruption and U.S consumers would not suffer undue hardships in the event Iran
disrupts Gulf oil supplies as the United States would tap its strategic oil
reserve. Enditem