Oil Rises Most in Two Weeks on Concern Storm May Curb Output
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Crude oil rose the most in two weeks on concern the first tropical storm of the hurricane season may form and disrupt production in the Gulf of Mexico. The gain accelerated as the dollar weakened against the euro.
Oil climbed 3.1 percent after the National Hurricane Center said that a low pressure area located in the Caribbean off Honduras and Grand Cayman has an 80 percent chance of developing into a tropical cyclone this weekend and may head into the Gulf.