Oil Prices Rise Above $67 Amid Iran Tension

TENSION IN THE NEWS

COMMENTARY
Expect even higher prices than before at the pump.

NEWSLINE
Adding to the market jitters was an audiotape in which Osama bin Laden warned that his fighters are preparing new attacks in the United States. The tape, portions of which aired Thursday on Al-Jazeera television, was the first from the al-Qaida leader in more than a year.

NEWSBYTE
Oil Prices Rise Above $67 Amid Iran Tension
Oil Prices Head Above $67 Amid Tension Over Iran, Nigeria, Threat of New U.S. Attacks
SINGAPORE Jan 20, 2006 (AP) -- Crude oil prices rose Friday amid concern over the Iranian nuclear dispute, unrest in Nigeria and new threats of attacks on the United States by al-Qaida.

Worries of possible sanctions against Iran, OPEC's second-largest producer, over its nuclear program and violence in oil-rich Nigeria have helped support oil prices so much so that even a report of growing supplies in the U.S. did not calm the market. Read full story.

Tags: tension, economy, gas, oil, fuel
Global Tags: Washington DC, News and politics, News, Politics, Current Events, Current Affairs, Life