Tropical Storm Emily has the potential to become a hurricane soon and hit the US mainland early next week.
Meanwhile, London Brent crude gained $1.38 to end at $58.82.
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Emily Frightened Oil Markets
Crude oil price bounced back above $60 a barrel on Tuesday on concerns over a new tropical storm Emily
Crude oil price bounced back above $60 a barrel on Tuesday on concerns over a new tropical storm Emily in the Gulf of Mexico.
Tropical Storm Emily has the potential to become a hurricane soon and hit the US mainland early next week.
US light sweet crude gained $1.70 higher at $60.62 on the New York Mercantile Exchange.
Meanwhile, London Brent crude gained $1.38 to end at $58.82.
Tropical Storm Emily has the potential to become a hurricane soon and hit the US mainland early next week.
Meanwhile, London Brent crude gained $1.38 to end at $58.82.
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