Oil prices rose to $71.48 on Tuesday, with the market watching for signals of higher demand as Americans entered the peak summer driving period.
Light, sweet crude for July delivery rose 11 cents to $71.48 a barrel in electronic trading on the New York Mercantile Exchange at midday in Europe. It had settled Friday at $71.37 a barrel. July Brent crude at London’s ICE Futures exchange gained 15 cents to $70.74 a barrel.
