Oil Prices Fall on Supply Future
Crude prices fell Friday after good news about supply from the United States and Russia and lack of negative news from global tension points brought prices down from brief highs over $70.
Prices were initially spurred higher by concern over oil-rich Iran . US and European officials in Vienna urged Tehran on Thursday to freeze uranium enrichment and stop withholding information about its nuclear program. The chief U.S. delegate to the International Atomic Energy Agency , Gregory L. Schulte, warned that if Iran remained defiant it could face "the weight of the Security Council."
Prices were initially spurred higher by concern over oil-rich Iran . US and European officials in Vienna urged Tehran on Thursday to freeze uranium enrichment and stop withholding information about its nuclear program. The chief U.S. delegate to the International Atomic Energy Agency , Gregory L. Schulte, warned that if Iran remained defiant it could face "the weight of the Security Council."
posted by Ottawa Gas Prices | 8:27 AM
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