NEW YORK (AP): Oil prices edged higher Monday, as traders watched whether the massive crude spill in the Gulf of Mexico will curtail imports if the oil slick shuts down a key shipping lane.
Benchmark crude for June delivery climbed 4 cents to settle at $86.19 a barrel on the New York Mercantile Exchange. The contract had been as high as $87.15, topping the previous 18-month high of $87.09 reached on April 6. The contract rose 98 cents to settle at $86.15 on Friday.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
