Oil Touched $60 Again

Oil prices reached $60 mark again Friday amid brokers? concerns about robust US energy demand later this year.

US light, sweet crude for August delivery rose 42 cents to end at $59.84 a barrel, the highest closing price since the contract was introduced in 1983 on the New York Mercantile Exchange.

London's August Brent crude-oil futures contract climbed 39 cents to $58.35 a barrel on the International Petroleum Exchange.