Oil rises on Libya violence, Kuwait sees prices supported

`` Oil rose to near $62 a barrel on Monday, supported by concerns over escalating conflict with Islamic State militants in Libya and predictions of lower supply in the second half of the year. Egypt bombed Islamic State targets inside Libya on Monday and Cairo renewed calls for a U.S.-led coalition to confront militants there, a day after the group released a video appearing to show the beheading of 21 Egyptians''