Oil inches up as Iran and United States trade threats
Brent crude futures rose 22 cents to $68.82 a barrel by 12:19 p.m. EST (1719 GMT), after soaring to a high of $70.74 a barrel from Friday`s settlement. US West Texas Intermediate crude was up 7 cents at $63.12 a barrel after touching $64.72, its highest since April. Oil pared gains during the session.