International oil prices exceed $120 for the first time in the 5th

, May 5 (Xinhua) -- International oil prices rose sharply on Friday, with the price of oil in New York hitting an intraday high of $120.36 due to concerns about tight suppliesthe main reason for the's surge in oil prices on the day was the heightened security situation in OPEC's main oil producers, leading investors to worry about possible oil supplies3, Shell announced that the attack on its oil transmission facilities in Nigeria may affect crude oil production due to theIn Iraq, PKK militants said they would strike U.Stargets that provide information to the Turkish military after a Turkish air strikeIran's leaders say they will not give up their nuclear program because of international pressure, which has also raised concerns that the middle east could tighten further, the dollar's lower dollar against the euro was also a factor in the higher prices of oil because of the uncertain economic outlook in the United StatesNEW YORK, May 5 (Xinhua) -- International oil prices rose sharply on Friday, with the price of oil in New York hitting an intraday high of $120.36 amid concerns about tight suppliesthe main reason for the's surge in oil prices on the day was the heightened security situation in OPEC's main oil producers, leading investors to worry about possible oil supplies3, Shell announced that the attack on its oil transmission facilities in Nigeria may affect crude oil production due to theIn Iraq, PKK militants said they would strike U.Stargets that provide information to the Turkish military after a Turkish air strikeIran's leaders say they will not give up their nuclear program because of international pressure, which has also raised concerns that the middle east could tighten further, the dollar's lower dollar against the euro was also a factor in the higher prices of oil because of the uncertain economic outlook in the United States(name)