Crude oil prices rise on Iran-related fears

February 3, 2006 23:45


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

Oil prices rose Friday on the possibility that the International Atomic Energy Agency will refer Iran to the UN Security Council over its nuclear program. Price gains were limited, though, as the United States has said it is not now seeking sanctions against Iran, OPEC's second-largest oil producer. The IAEA board adjourned until Saturday morning without reaching a consensus. Light, sweet crude for March delivery rose 69 cents to $65.37 a barrel on the New York Mercantile Exchange, after sinking to as low as $63.95 earlier in the day. The contract had dropped $1.88 a barrel on Thursday.

Related Content

July 22, 2018
Israel evacuates hundreds of Syrian 'White Helmets' in humanitarian effort