Crude gains on disruption fears in Iraq, weather worries

Crude oil prices rebounded Friday after their fall on Thursday after the death of a key al-Qaeda leader was reported in Iraq. Concerns that attacks on Iraq’s infrastructure would continue, as well as weather worries, sent July contract Brent crude up $1.33 to $70.38 per barrel on the International Petroleum Exchange. West Texas Intermediate crude for July delivery added $1.20 to $71.55 per barrel on the New York Mercantile Exchange.