Crude oil rises above $61 a barrel in New York for first time

New York (Reuters)--- - New York Mercantile Exchange (NYMEX) crude futures closed higher on Friday, rising more than $61 a barrel for the first time in eight weeks on concerns about the Iranian nuclear issue, traders also noted that yesterday's report showed a sharp drop in refined oil supplies was also a factor affecting oil pricesNYMEX April crude futures settled up $0.19 at $61.14 a barrelThe daily high of 61.80 was from December 26The TEPPCO pipeline spill helped oil prices rebound, and there was also a partial gain in the closing and pre-weekend site adjustments." Phil Flynn, an analyst at Laron Trading, saidand federal regulators said the restart portion of tePPCO Partners' 240,000-barrel-a-day refined oil pipeline is currently running in full capacity, following a leak earlier this weekBrent crude for April delivery settled at $60.88 on the Intercontinental Exchange (ICE) in LondonNYMEX March heating oil futures settled up 2.55 cents at $1.7505 a gallonthe Energy Information Association (EIA) reported that U.Sdistillate stocks fell by 5 million barrels in the week of February 16In addition, the weather forecast is forecast that the next six to 10 days in the Northeastern United States will drop temperatures, these factors are contributing to heating oil pricesMarch RBOB futures rose $0.0083 to settle at $1.7631 a gallonIran, Iranian President Mahmoud Ahmadinejad said Friday that his country should not show weakness on its nuclear programIran has failed to end uranium enrichment by the February 21 deadline, the International Atomic Energy Agency (IAEA) announced Thursday
New York (Reuters)--- - New York Mercantile Exchange (NYMEX) crude futures closed higher on Friday, rising more than $61 a barrel for the first time in eight weeks amid concerns about the Iranian nuclear issue, traders also noted that yesterday's report showed a sharp drop in refined oil supplies was also a factor affecting oil pricesNYMEX April crude futures settled up $0.19 at $61.14 a barrel The daily high of 61.80 was from December 26 The TEPPCO pipeline spill helped oil prices rebound, and there was also a partial gain in the closing and pre-weekend site adjustments." Phil Flynn, an analyst at Laron Trading, said and federal regulators said the restart portion of tePPCO Partners' 240,000-barrel-a-day refined oil pipeline is currently running in full capacity, following a leak earlier this week Brent crude for April delivery settled at $60.88 on the Intercontinental Exchange (ICE) in London NYMEX March heating oil futures settled up 2.55 cents at $1.7505 a gallon the Energy Information Association (EIA) reported that U.S distillate stocks fell by 5 million barrels in the week of February 16 In addition, the weather forecast is forecast that the next six to 10 days in the Northeastern United States will drop temperatures, these factors are contributing to heating oil prices March RBOB futures rose $0.0083 to settle at $1.7631 a gallon Iran, Iranian President Mahmoud Ahmadinejad said Friday that his country should not show weakness on its nuclear program Iran has failed to end uranium enrichment by the February 21 deadline, the International Atomic Energy Agency (IAEA) announced Thursday (name)