Oil prices climbed Tuesday and briefly surpassed $60 a barrel, a level economists described as a worrisome sign for global financial growth.
After reaching as high as $60.10 a barrel, light sweet crude for August delivery settled 84 cents higher at $59.59 a barrel on the New York Mercantile Exchange. Nymex gasoline futures surged 3.33 cents to settle $1.6818 a gallon, while heating oil futures jumped 2.13 cents to settle at $1.7324 per gallon. In London, Brent crude futures rose 68 cents to $58.30 a barrel on the International Petroleum Exchange.
