Crude futures jumped more than $1 a barrel Monday on concerns that a tropical storm in the Caribbean could grow into a hurricane that could threaten Gulf of Mexico oil facilities still recovering from previous hurricanes.
Light sweet crude for November delivery rose $1.73 to settle at $64.36 a barrel on the New York Mercantile Exchange. December Brent futures on the International Petroleum Exchange in London rose 93 cents to $60.41 a barrel.
