Oil surges on Iran fears | Bangkok Post: news

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Oil surges on Iran fears

World oil prices clung at nine-month highs Wednesday, boosted by fears that tensions over key crude producer Iran's nuclear program could curb supplies.

World oil prices jumped Wednesday to new nine-month highs, driven by fresh geopolitical worries over key crude producer Iran, dealers said.

New York's main contract, light sweet crude for delivery in April, finished its first day of trade down a mere three cents at $106.28 a barrel.

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Writer: AFP News agency
Position: Agence France-Presse

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