Mid East clashes see oil price rise

Updated
Gaza city
Gaza city

The price of oil rose to nearly 88 US dollars a barrel (£55.30) in Asia as the conflict between Israel and Hamas showed no signs of abating, raising concerns about crude supplies.


Benchmark oil for December delivery was up 95 cents to 87.87 dollars (£55.26) per barrel in late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract added 1.05 dollars to finish at 86.92 dollars (£54.66) per barrel on Friday.
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