US light sweet crude jumped to $60.73 a barrel on the NYMEX.
The initial sell-off was sparked by fears of a massive economic slowdown in the wake of the London bomb blasts, dealers said.
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Oil Prices Soared On Bomb Attacks
Oil prices won back from the recent steep drop, triggered by...
Oil prices won back from the recent steep drop, triggered by the series of bomb attacks in London.
US light sweet crude jumped to $60.73 a barrel on the NYMEX.
In London, Brent crude fell to a session low of $55.55, before recovering to $59.28, down 57 cents.
The initial sell-off was sparked by fears of a massive economic slowdown in the wake of the London bomb blasts, dealers said.
US light sweet crude jumped to $60.73 a barrel on the NYMEX.
The initial sell-off was sparked by fears of a massive economic slowdown in the wake of the London bomb blasts, dealers said.
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