Oil prices rose on Thursday amid concerns that the conflict between Israel and Gaza could escalate into a regional conflict. Brent futures settled up 1% at $92.38 a barrel, while US West Texas Intermediate (WTI) futures settled up 1.2% at $89.37 a barrel. The potential for escalation, particularly from the Arab world, is a concern. However, gains were limited after the US issued a six-month license authorizing transactions in Venezuela's energy sector.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/OD2wNm4
via IFTTT