Oil prices rose Monday as traders weighed the effects of sabotage that disrupted Iraq’s southern pipeline exports against partially resumed crude production in Ecuador.
Light sweet crude for September delivery rose 10 cents to settle at $65.45 a barrel on the New York Mercantile Exchange. The September contract expired Monday. Gasoline on the Nymex fell 4.23 cents to $1.8616 a gallon, while heating oil futures dropped by 1.12 cent to $1.8116 a gallon. October Brent crude rose 40 cents to $64.76 a barrel in London after server problems forced a trading halt for several hours.