Transportation charges bewitch buyers

摘要

OIL MARKETS watched nervously the developments in late March when Iran took 15 U.K.sailors captive,saying they entered Iran's territorial waters near the Persian Gulf.Traders were anxious about any escalation in the matter since Iran sits on the key Persian Gulf waterway through which about 20% of global oil supplies pass.At press time,New York Mercantile Exchange(Nymex)crude oil for May delivery was trading well above 66 a barrel-but Iran said it would free the sailors.