NEW YORK, June 27 (Xinhua) -- World oil prices rose
slightly on Tuesday as traders focused on shipping delays along the Gulf Coast
and jitters over Iran.
New York's main contract, light sweet crude for
delivery in August, climbed 12 cents to close at 71.92 dollars. In London, Brent
crude futures on the ICE Futures exchange climbed 25 cents to settle at 70.98
dollars a barrel.
The U.S. Coast Guard said only limited tug and barge
traffic has resumed through the Calcasieu Ship Channel, which had been off
limits due to the spread of oil from a spill last week at the Citgo Petroleum
Corp facility in Lake Charles, Louisiana.
On Tuesday, Iran's Ayatollah Ali Khamenei said Iran
does "not need" talks with the United States over its nuclear program because
nothing would be gained, state television reported.
Washington has warned Iran that it could face
political and economic sanctions before the UN Security Council if it does not
stop its nuclear activities, which the United States and its European allies say
is an attempt to produce nuclear weapons. Tehran says the uranium will be used
only for a peaceful energy program.
Despite higher gasoline prices, U.S. drivers seem
unwilling to curb consumption. Over the past four weeks, U.S. demand has been
running 0.9 percent higher than a year ago, the Department of Energy said last
week. Enditem