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Record oil price hits equities; euro struggles - ASHARQ AL-AWSAT English Archive
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London- The price of crude oil came within a whisker of $60 a barrel on Monday, hitting stock markets and initially boosting demand for bonds.

The euro struggled against a backdrop of EU crises and gold moved above $440 an ounce, Reuters reported.

Oil prices soared to a record high of $59.23 a barrel from New York crude, extending last week”s surge, before easing back slightly. New York crude was later at $58.77 a barrel and London Brent was at $58.08.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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