Oil price wavers on supply concerns

Oil price wavers on supply concerns

Oil prices moved in a narrow range Friday as Iran prepared to consider a ban on crude sales to European Union countries.

Iranian leaders are scheduled to debate the ban Sunday in response to EU plans to embargo Iran’s oil by summer because of that country’s nuclear program. Investors worry that any ban could cause supply disruptions.

Benchmark oil fell 14 cents to finish at $99.56 per barrel after climbing as high as $100.63 per barrel earlier in the session. Brent crude rose 67 cents to end at $111.46 per barrel in London.

EU countries account for about 18 percent of Iran’s oil exports.

From wire reports

Selected local stocks

STOCK, DIVIDENDCLOSECHANGE

Aqua America, .66, 22.05 —.03

Avalon Holdings,3.58.04

Clear Channel, .78 63.50 1.10

Cortland Bancorp, 7.00.26

Farmers Nat.5.20 .00

First Energy, 2.20, 42.26—.46

FirstMerit Corp., .64,15.84 .03

First Niles Financial, .32,7.30.00

First Place Fin., .68.10

FNB Corp., .48,11.53—.04

General Motors,24.37—.35

General Electric, .68,19.03—.04

Motors Liquidation, .0422.00

Huntington Bank, .16, 5.70.06

JP Morgan Chase, 1.00,37.21—.28

Key Corp, .12,8.01.13

LaFarge, 10.44 —.10

Macy’s, .40, 33.82.55

Parker Hannifin, 1.48, 81.50.00

PNC, 1.40,59.08.18

RTI Intl. Metals,24.77—.25

Simon Prop. Grp.,3.60,136.69.16

Stoneridge 9.59 .20

United Community Fin. 1.25—.01

Selected prices at 4 p.m. Friday. Provided by Stifel Nicolaus. Not to be construed as an offer or recommendation to buy or sell any security.