European Union

Oil Prices Climb As Iran Threatens EU Supply Cut
NEW YORK (AP) — Oil prices are rising as Iran again threatens to cut off supplies to Europe. Iranian lawmakers are pushing a plan to stop exporting crude to Europe before the European Union begins an oil embargo this summer. The EU and the U.S. are pressuring Iran because of its nuclear progr…
Oil Prices Waver As EU Closes In On New Treaty
NEW YORK (AP) — Oil prices wavered between small gains and losses Friday as the European Union moved closer to a plan that promises to fix the eurozone debt crisis. Benchmark crude rose 15 cents to $98.49 per barrel in New York. Brent crude, which is used to price foreign oil imported by some…