Oil prices climb on conflict in Lebanon

AP

Oil prices rose Monday after violence in Lebanon sparked fears of wider unrest in the Middle East.

By early afternoon in Europe, benchmark oil for November delivery was up 75 cents to $90.80 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell $2.05 to end at $90.05 per barrel on Friday.

Fears of instability in the Middle East flared anew Friday, when Lebanon’s intelligence chief, Brig. Gen. Wissam al-Hassan, was assassinated in a massive car bombing.

Source: Associated Press
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