Oil Crosses $109 US on rising Concerns about Iran
Oil prices closed above $109 US a barrel Friday on fresh concerns about Iran’s nuclear program and despite evidence that demand remains weak. Retail gasoline prices in Canada and the U.S. also rose. Crude for April delivery closed at $109.77 a barrel in New York, up $1.94. Iran has rapidly ramped up production of higher-grade enriched uranium over the last few months, the UN nuclear agency said Friday in a…