(Reuters) - Oil rose above $70 on Wednesday as U.S. warships put on a show of force off Iran's coast, coinciding with a United Nations agency report that said the Islamic republic had expanded its nuclear programme.
U.S. data showed an above-forecast rise in gasoline stocks last week, but analysts said inventories in the world's top consumer are still below average ahead of peak demand. Refinery problems sent pump prices to a record $3.22 a gallon this week.
Read more at Reuters Africa
U.S. data showed an above-forecast rise in gasoline stocks last week, but analysts said inventories in the world's top consumer are still below average ahead of peak demand. Refinery problems sent pump prices to a record $3.22 a gallon this week.
Read more at Reuters Africa
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