Oil touches new high of $58.60/bbl

Global crude oil prices witnessed another round of sharp upsurge in yesterday's trades as the Nymex U.S. light crude oil for July delivery hit an all-time trading high of $58.60 a barrel, before recovering marginally to settle at $58.47 per barrel. The London Brent crude rose $1.75 to $57.87 a barrel.

In the commodity segment, the Comex gold further appreciated over its Thursday's close by $2.10 to finish at $440 an ounce.