Crude Oil Increases Amid Tension Over Iranian Nuclear Development Program

Oil rose amid tension over Iran’s nuclear program and speculation about a possible military strike by the U.S. or Israel.

Crude oil for April delivery increased 58 cents, or 0.5 percent, to $107.28 a barrel at 8:15 a.m. on the New York Mercantile Exchange. Futures have traded as low as $105.50 a barrel and as high as $107.29 on the exchange today.

To contact the reporter on this story: Mark Shenk in New York at

To contact the editor responsible for this story: Margot Habiby at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.