India: Oil prices a matter of concern

India: Oil prices a matter of concern
NEW DELHI, May 1 (UPI) -- Indian Finance Minister P. Chidambaram has said that rising oil prices are a matter of concern, The Asian Age reported Monday.

World oil prices near $74 a barrel
NEW YORK -- World oil prices approached 74 dollars a barrel Monday as Bolivia's announcement that it is nationalizing its energy industry added to jitters over Iran's nuclear drive, traders said.

Oil prices dip in Asian trade
OIL prices fell in Asian trading today but concerns oil-rich Iran would be hit with sanctions or military action would limit further falls in the market, dealers said.

Oil Prices Up in Europe on Iran Concerns
LONDON (AP) - Crude oil prices rose Monday in European trading on oil supply concerns arising from Iran's defiance of a U.N. Security Council deadline to stop enriching uranium.Light, sweet crude for June delivery on the New York Mercantile Exchange rose 57 cents to $72.45 a barrel in electronic trading by afternoon in Europe.

Iran: Sanctions Would Boost Oil Prices
ISLAMABAD, Pakistan (AP) - The Iranian deputy oil minister said Sunday he did not believe the United Nations would impose sanctions on Iran because that would boost oil prices even higher. "Any action like that will increase oil prices very high.