Friday, November 23, 2012

Brent crude rises to US$111 amid rising Middle East tensions

Brent crude rose towards US$111 a barrel as Israel's bombing of the Gaza Strip sparked concerns around the supply of oil from the Middle East, as per Reuters. Hamas fired dozens of rockets into southeern Israel, killing three, and Israel launched numerous air strikes across the Gaza Strip as the military showdown lurched closer to all-out war.




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