And with the U.S. re-imposing sanctions on Iran earlier this week.... global crude oil prices are also continuing to rise.
On the New York Mercantile Exchange,.... prices of West Texas Intermediate crude climbed..... zero-point-two-percent to settle at around 69 U.S. dollars a barrel.
Brent crude futures for October also rose at the ICE Futures Europe exchange... by more than one-percent to trade at.... 74-dollars-53-cents a barrel.
The U.S. sanctions on Iran will start with cars and metals... but from November..... they'll include oil... raising concerns among investors.
This move is also expected to prompt a hike in gasoline prices here in Korea.