Crude rises above $70
17/05/2006 - 09:37:47Crude moved above $70/bbl after US inflation data soothed concerns that higher prices have impacted demand.
Todays IEA data on oil stocks in the US will be keenly awaited.
Iran and Nigeria still provide support for the oil price and the pull back in recent sessions will be viewed by some as an opportunity to buy at attractive levels ahead of renewed upward pressure
