Oil rises more than $1 on fears of spread of Middle East conflict.
Oil prices rose by over $1 on Friday as reports that the U.S military struck Iranian targets in Syria raised concerns of a widening of the Israel-Hamas conflict that could impact supply from the key Middle East producing region.
Brent
Brent crude futures for December rose $1.16, or 1.3%, to $89.09 a barrel by 0338 GMT. The U.S. West Texas Intermediate contract for December climbed $1.08, also 1.3%, to $84.29 a barrel.Crude futures for December rose $1.16, or 1.3%, to $89.09 a barrel by 0338 GMT. The U.S. West Texas Intermediate contract for December climbed $1.08, also 1.3%, to $84.29 a barrel.
