Oil prices edged up in jittery trading Monday, as the oil industry assessed the damage caused by Hurricane Rita over the weekend.
Gasoline slipped nearly 5 cents to $2.04 a gallon in midday trading on the New York Mercantile Exchange, where light sweet crude inched up 16 cents to $64.35 a barrel. Heating oil rose nearly 5 cents to $1.9950 a gallon. On London’s International Petroleum Exchange, November Brent crude futures rose 24 cents to $62.70 a barrel.
