Edited on Fri Jan-20-06 12:55 PM by corporatemedia
Oil jumps back near $68
Crude climbs to 4-month high on Iran, Nigeria supply fears; analysts say further gains likely.
January 20, 2006: 12:01 PM EST
LONDON (Reuters) - Anxiety over supplies from producer countries Iran and Nigeria drove oil prices more than a dollar higher to $68 a barrel on Friday and analysts predicted the market would stay strong for the foreseeable future.
U.S. crude oil for February delivery jumped $1.17 to $68 a barrel on the New York Mercantile Exchange, the highest level in nearly four months. <more>
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