The Car and Truck Fleet and Leasing Management Magazine

Crude Prices Rise Back Above $70 a Barrel

May 25, 2006

NEW YORK --- Crude oil prices again rose above $70 a barrel on Thursday, amid supply concerns over the coming hurricane and summer driving seasons, the AP reported. Also contributing to high prices is the continuing stalemate between the West and Iran over the country's nuclear ambitions. Light sweet crude for July delivery climbed 19 cents to $70.05 a barrel in electronic trading on the New York Mercantile Exchange. Gasoline futures rose nearly two cents to $2.0364 a gallon.
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