Oil prices rebounded this evening, with Brent crude pushing above $100 a barrel, having earlier come under pressure from China's second interest rate increase in six weeks.
Bomb attacks shutting a crude pipeline in Colombia and reduced crude oil flow feeding the Poseidon Pipeline in the US Gulf of Mexico added lift to crude prices.
Traders and brokers also pointed to Egypt's continuing political uncertainty, reinforcing concerns about the potential for supply interruptions, as another factor helping oil prices shrug off the effect of China's latest move to curb inflation.
In London, Brent crude was up 71 cents at $99.96 a barrel, having earlier hit $100.42. US crude was 22 cents higher at $87.70 a barrel.
Colombia's 48,000-barrel-a-day Transandino oil pipeline was halted by two suspected rebel bomb attacks, though exports and production were affected, according to state-run Ecopetrol.
Crude prices on both sides of the Atlantic fell sharply earlier, after China moved to tame inflation with an interest rate increase, the second in just over six weeks.
