Oil up to near $92 on snag in Iran nuclear talks

Oil prices rose to near $92 a barrel Thursday as negotiations between six world powers and Iran about its nuclear program appeared to be stalling.

By early afternoon in Europe, benchmark oil for July delivery was up 89 cents to $90.79 a barrel in electronic trading on the New York Mercantile Exchange. On Wednesday, the contract fell $1.95 to settle at $89.90, the lowest since Oct. 21. (AP)