NYMEX crude rises over $130 on Iran talks, Storm Dolly
PERTH (Reuters) - U.S. crude futures rose over $1 to top $130 a barrel on Monday after inconclusive talks between Iran and world powers over the weekend over Tehran's disputed nuclear programme.
Prices were also lifted by worries about Tropical Storm Dolly, which was heading for Mexico's Yucatan Peninsula, but posed no immediate threat to Gulf of Mexico oil installations slightly south of its projected path.
NYMEX crude for August delivery was up $1.09 to $129.97 at 2220 GMT, after rising as much as $1.18 earlier in Globex electronic trading.
(Reporting by Fayen Wong)
© Thomson Reuters 2008 All rights reserved
Entertainment
Fannie and Freddie bailed out
