Oil prices rose Thursday as traders remained wary over possible supply woes because of refinery shutdowns and forecasters predicted a busy hurricane season that could hurt Gulf of Mexico output.
Light, sweet crude for September delivery rose 52 cents to settle at $61.38 a barrel on the New York Mercantile Exchange. Gasoline rose 3.14 cents to $1.8023 a gallon, while heating oil rose marginally to $1.7078 a gallon. Brent for September delivery on London’s International Petroleum Exchange rose 47 cents to settle at $60.12 per barrel.
