In London, Brent crude futures rose 84 cents to $57.89 on the IPE.
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Oil Jumped On Snowstorms Reports
Oil prices have briefly risen above $60 a barrel as snowstorms in the US North East
Oil prices have briefly risen above $60 a barrel as snowstorms in the US North East boosted demand for heating oil.
US light crude reached $60.08 on Monday before slipping back to $59.96 on the NYMEX.
In London, Brent crude futures rose 84 cents to $57.89 on the IPE.
Arctic weather in the US North East has pushed the price of heating oil, used to heat most homes, close to record levels.
In London, Brent crude futures rose 84 cents to $57.89 on the IPE.
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