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Friday, February 24, 2012

NYMEX-Crude up 7th day, best week since Dec, on Iran

* U.N. nuclear agency says Iran steps up nuclear work
* Saudi raising oil exports in bid to tame high prices
* Obama administration eyes tapping U.S. oil reserves

NEW YORK, Feb. 24 - U.S. crude futures rose a seventh
day on Friday, closing at a nine-month high and having the best
week since December as the U.N. nuclear watchdog said Iran had
stepped up uranium enrichment work was seen inflaming Tehran's
tensions with the West.
The seven-day rally was the longest streak of gains

Source: http://www.reuters.com/article/2012/02/24/markets-energy-nymex-idUSL2E8DLFSK20120224?feedType=RSS&feedName=industrialsSector

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