Oil held above $60 a barrel in New York while gasoline futures surged as a deepening energy crisis in the U.S. crippled the petroleum industry. U.S. benchmark crude rose from Friday’s close as the market assessed the impact the country’s cold blast will ultimately have on the supply and demand balance. While the extreme temperatures have curtailed more than 2 million barrels a day of U.S. oil production, demand from refineries is also being crimped, with over 3 million barrels a day of processing capacity idled, according to Energy Aspects Ltd. The combination of frigid temperatures and refinery closures has spurred a rush for fuels and is leading to higher U.S. prices for all kinds of products from gasoline to propane. The refinery closures propelled an 8 cent jump in New York gasoline futures, […]