Bloomberg: "Crude oil was little changed, after rising to a record above $143 a barrel on concern Israel may attack Iran over its nuclear program and disrupt supply from OPEC's second-largest producer. Pressure on Iran to end uranium enrichment and the falling value of the U.S. dollar may drive prices to $170 a barrel, OPEC President Chakib Khelil said June 28. Kuwait, the fourth-largest OPEC producer, is taking precautionary steps to export oil if Iran closes the Strait of Hormuz, Kuwait News Agency reported."

Posted by Laura at June 30, 2008 12:30 PM