Originally published July 3, 2012 at 1:16 PM | Page modified July 3, 2012 at 3:32 PM
Oil prices at highest since May on Iran concerns
The price of oil climbed nearly 5 percent Tuesday to the highest level since May on renewed fears of military conflict with Iran that could affect supplies.
The Associated Press
The price of oil climbed nearly 5 percent Tuesday to the highest level since May on renewed fears of military conflict with Iran that could affect supplies.
On the New York Mercantile Exchange:
Crude rose $3.91, or 4.7 percent, to end at $87.66 per barrel.
Gasoline rose 9.9 cents to finish at $2.7229 per gallon.
Heating oil rose 8.26 cents to end at $2.7585 per gallon;
Natural gas rose 7.5 cents to finish at $2.899 per 1,000 cubic feet.
On the ICE Futures exchange in London:
Brent crude: added $3.34, or 3.4 percent, to finish at $100.68 per barrel in London.
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