Oil Prices Rise More Than $1

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Oil prices rose more than $1 a barrel Tuesday after the International Energy Agency forecast that last month’s drop in energy demand would moderate and some weather watchers predicted a colder-than-normal winter in the northeastern U.S.


Light sweet crude for November delivery climbed $1.05 to $62.85 a barrel on the New York Mercantile Exchange, where unleaded gasoline futures rose less than a penny to $1.81 per gallon. On the International Petroleum Exchange, Brent crude futures rose 69 cents to $59.47 per barrel.


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