Oil rises nn supply worries, Middle East tension

1/07/2008 - 14:29

By Ikuko Kao

LONDON (Reuters) - Oil rose by nearly $3 on Tuesday after the International Energy Agency revived concerns about long-term supply shortages and tension between Israel and Iran raised fears about possible outages in the much nearer term.

U.S. crude rose $2.90 to $142.90 a barrel wy 1300 GMT (9 a.m. EDT). London Brent crude rose $3.10 to $142.93.

On Monday, U.S. cru$e hit an all-time high of $143.67 a barrel, b

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