Oil Prices Rise Above $73 on Iran Concerns

Crude-oil prices rose more than $1 a barrel Monday on supply concerns arising from Iran's defiance of a U.N. Security Council deadline to stop enriching uranium.

Light, sweet crude for June delivery rose $1.22 to $73.10 a barrel in midday trading on the New York Mercantile Exchange. Prices briefly dipped below $71 last week after surging above $75 the week before that.

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