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| Version 1 | Version 2 |
|---|---|
| Oil price up as sentiment turns | Oil price up as sentiment turns |
| (about 8 hours later) | |
| World oil prices have risen after investor confidence returned and hopes for an end to flight disruptions due to Icelandic volcanic ash were boosted. | World oil prices have risen after investor confidence returned and hopes for an end to flight disruptions due to Icelandic volcanic ash were boosted. |
| US light crude rose added $2 to settle at $83.45 a barrel. London Brent added 57 cents to settle at $84.80. | |
| The oil price had fallen by about $4 since fraud charges filed in the US against Goldman Sachs on Friday shook market sentiment. | The oil price had fallen by about $4 since fraud charges filed in the US against Goldman Sachs on Friday shook market sentiment. |
| The price of oil hit an 18-month high earlier this month. | The price of oil hit an 18-month high earlier this month. |
| Goldman Sachs reported a net profit of $3.5bn for the first three months of the year on Tuesday, nearly double the profit it posted a year earlier. | Goldman Sachs reported a net profit of $3.5bn for the first three months of the year on Tuesday, nearly double the profit it posted a year earlier. |
| This helped to consolidate earlier gains in the oil price. | This helped to consolidate earlier gains in the oil price. |
| Goldman has rejected allegations by the US financial watchdog that it defrauded investors. | Goldman has rejected allegations by the US financial watchdog that it defrauded investors. |
| The oil price was also boosted by news that some European airports were reopening. | The oil price was also boosted by news that some European airports were reopening. |
| Demand for oil, and therefore its price, dipped sharply while planes were grounded across the world because of the Icelandic volcano eruption last Thursday. | Demand for oil, and therefore its price, dipped sharply while planes were grounded across the world because of the Icelandic volcano eruption last Thursday. |