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Oil hovers at $144

By Fayen Wong PERTH (Reuters) - Oil was little changed at around $144 a barrel on Monday, holding near last week's record high after Iran reasserted its right to pursue uranium enrichment. U.S. light crude for August delivery traded at $143.92 a barrel by 2:08 a.m. BST, a touch firmer than late Friday dealing. The New York Mercantile Exchange (NYMEX) did not issue an official Friday closing price due to the July 4 holiday. London Brent crude rose 23 cents to $144.65. Oil hit a record $145.85 hit on Thursday, but fell more than $1 on Friday as traders anticipated easing tensions between Iran and the West after Tehran responded to a package of incentives to try to resolve the long-running dispute over its nuclear efforts. But in its first public response to the offer on Saturday, Iran vowed to pursue its enrichment programme,... [read full story]                    

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