Oil Prices Hold Steady at $72 a Barrel

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Oil prices held steady Tuesday after Iran’s top nuclear negotiator said Tehran was ready for “serious negotiations” over its disputed nuclear program but left open the question of whether it would suspend uranium enrichment, the Associated Press reports.


Light sweet crude for September – the contract expires Tuesday – fell 5 cents to $72.40 a barrel on the New York Mercantile Exchange. October Brent crude on London’s ICE Futures exchange rose 18 cents to $73.56 per barrel.


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