Analysts said that prices are likely to sit close to the $60 mark for some time as demand shows little sign of abating.
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Crude Oil Conquered $80 Mark
Crude oil prices did not stop to climb higher and higher, passing over the $60 mark on Monday
Crude oil prices did not stop to climb higher and higher, overpassing the $60 mark on Monday.
US light sweet crude closed up 70 cents at $60.54 per barrel, reaching $60.95 during the session on the New York Mercantile Exchange.
In London, Brent crude-oil futures rose 94 cents to $59.30 per barrel on the IPE.
Analysts said that prices are likely to sit close to the $60 mark for some time as demand shows little sign of abating.
Analysts said that prices are likely to sit close to the $60 mark for some time as demand shows little sign of abating.
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