Brent crude futures, the benchmark for international oils, spiked more than $3 per barrel in London before retreating.
Brent crude was up 78 cents at $69.05. At the start of trading, it spiked $3.48 to $71.75 before retreating.Benchmark U.S. crude was up 55 cents to $63.25 per barrel in electronic trading on the New York Mercantile Exchange. It earlier jumped $2.95 to $65.65 before settling back. On Wall Street, the future for the benchmark Standard & Poor’s 500 index lost 0.2% and that for the Dow Jones Industrial Average was off 0.4%.
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