Oil rises as Israel launches airstrikes in Gaza
Published: 11.14.12, 22:29 / Israel News
The price of oil rose Wednesday as a result of new concerns about possible supply disruptions in the Middle East after Israel launched airstrikes in Gaza.
Benchmark oil rose 94 cents to finish at $86.32 per barrel in New York. Brent crude, used to price international varieties of oil, rose $1.14 to $108.48 per barrel in London. (AP)