Oil prices climbed to $142 a barrel Tuesday amid concerns about tensions between Iran and Israel and a weakening dollar.
'You have supply-side concerns, such as the rhetoric on Iran, that will likely keep a floor under prices,' said Victor Shum, an analyst with Purvin & Gertz in Singapore.
'I don't see much resistance to $150, which could happen in the coming weeks.'
Late afternoon in Singapore, light, sweet crude for August delivery was up $2.00 at $142.00 a barrel in Asian electronic trading on the New York Mercantile Exchange.
