MARKET: NYMEX oil prices rise nearly $1/bbl

Light, sweet oil for July gained 91¢ on the New York market June 6 to settle at $52.59/bbl while the Brent contract for August climbed by $1.04 to settle at $61.67/bbl in London, which analysts attributed to progress in US-Mexico talks about border security. US President Donald Trump said, “Progress was made,” but he also said Mexico needs to do more to stop US tariffs from being imposed on $350 billion of US imports from Mexico.