Oil Advances 27 Cents to $86.08 a Barrel

Business Week reported that oil advances 27 cents to $86.08 a barrel as the U.S. announced further sanctions on Iran.

As quoted in the market news:

Crude oil for August delivery increased 27 cents to settle at $86.08 a barrel on the New York Mercantile Exchange. Prices have decreased 13 percent this year.

Click here to read the full Business Week report.