Oil price near US$67

Oil rose 1 per cent yesterday to nearly US$67 a barrel on intensifying global supply worries stoked by the row between Britain and Iran and a strike in France that threatens to crimp summer fuel supplies in the United States.

Light crude for May delivery rose 53c to US$66.56 a barrel, having jumped 3 per cent a day ago.

London Brent crude rose 83c to US$68.71 a barrel, climbing for the eighth day in a row.

- Agencies