Iran Push Oil Prices Up

The price of crude oil rising from the position of the lowest in seven months following a difference of opinion among a number of countries in a meeting with negotiators Iran nuclear project in Baghdad. Iran is OPEC's second largest oil producer after Saudi Arabia.
West Texas Intermediate oil price for July delivery rose 76 cents to 90,66 US dollars per barrel on the New York Mercantile Exchange, Thursday (24/5/2012) local time. While the price of Brent crude for July setting up 99 cents, or 0.9 per cent to 106,55 US dollars per barrel on the ICE Futures Europe exchange in London.
A number of countries consisting of China, France, Germany, Russia, United Kingdom, and the United States are negotiating with Iran regarding its nuclear project. Head of Eu foreign policy, Catherine Ashton, says, the negotiations continue to thrive even though there are a number of barriers that hinder.
Those countries trying to press Iran to stop processing uranium in its nuclear project. Catherine also said Iran presents a five-point plan and are willing to discuss the production of uraniumnya which upgraded to the level of 20 per cent. However, Iran has not so far unwilling to promise that its nuclear project is not a dangerous project. "
Iran's tactic is to make as if they want to speak but no something real there, "call Kyle Cooper, Director of research Commodities IAF Advisors in Houston, Thursday local time. Kyle mentions, it is more to the discussion but it's better than nothing.