Oil Prices Rise

Oil Prices RiseOil Prices Rise

Oil prices rose on Monday after Islamic State militants said they had seized control of the key city of Ramadi in western Iraq, raising fears of deeper turmoil in the oil-producing country. Front-month Brent futures were up 37 cents at $67.18 a barrel by 0845 GMT. US crude rose 48 cents to $60.17 a barrel, TradeArabia reported.