NY oil prices up 0.33% on news of Russia-Iran nuclear

Oil prices in New York rose slightly after repeated gains and losses during the day as news of Russia and Iran's nuclear relations spread.

On the New York Mercantile Exchange, West Texas Intermediate for December delivery closed at $69.39 a barrel, up $0.23 and 0.33% from the previous session.

Brent crude oil for January delivery, which is subject to international market comparisons, closed at $73.31 a barrel, up 0.01%, from the previous session.

West Texas Intermediate and Brent crude rose to their highest level since the 8th as of the close, as they rose together for the second consecutive day.

Oil prices rebounded sharply on the news that Russia had eased conditions for the use of nuclear weapons so that Ukraine could also be targeted for nuclear attacks.

Since then, oil prices have reversed their downward trend following news that Iran has offered to the International Energy Agency to stop producing highly enriched uranium that can be used to make nuclear weapons.