Summary
VIENNA, Austria -- Oil prices settled at a record high above $60 a barrel on Monday, reflecting traders' concerns about strong demand and potential supply bottlenecks.
With $60 no longer a threshold -- and with continued concerns about refining capacities -- prices appeared set to go even higher, analysts said.See the full content of this document
Extract
$60 a Barrel
Oil broker Tom Bentz at BNP Paribas Commodity Futures in New York said Monday's rally was just a continuation of the larger uptrend that began in late May.
Bentz said there is al...See the full content of this document
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