Crude oil futures rose for the sixth straight trading session Tuesday, settling near $52 a barrel, leading some brokers to conclude that high prices may stick around.
Light, sweet crude for July delivery rose 12 cents to $51.97 a barrel on the New York Mercantile Exchange, which was closed Monday for the Memorial Day holiday. Heating oil futures rose less than a penny to $1.45 a gallon, while unleaded gasoline futures dropped 1.53 cents to $1.46 a gallon. In London, Brent crude for July delivery fell 52 cents to $50.18 a barrel on the International Petroleum Exchange.
