All of the refinery problems and the weather-related delays have helped push us higher, said Tom Bentz, an oil broker at BNP Paribas Commodity Futures Inc in New York.
Were expecting the report today to show that both crude and gasoline stocks fell last week. The refinery difficulties are going to continue to support prices as they cut into product stocks. Crude oil for September delivery rose 51 cents, or 0.8%, to $62.40 a barrel at 10:01 a.m. on the NYME. Prices are up 41% from a year ago. In London, the September Brent crude-oil futures contract rose 56 cents, or 0.9%, to $61.18 a barrel on the International Petroleum Exchange.