Tuesday, April 18, 2006

Why Iran Matters (to BushCo)

My Way News: LONDON (Reuters) - Oil hit a record $72.64 a barrel Tuesday as Iran defied world pressure to halt its nuclear program, raising new fears of a cut in supplies from the world's fourth biggest crude exporter.

U.S. crude oil climbed to $71.60, smashing through its previous record of $70.85.

'This is a bull market and we have not found a top yet,' said Tom Bentz, a senior analyst at BNP Paribas Commodity Futures in New York."

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