Business

Oil prices rise 3 percent on Middle East escalation fears

Oil prices rose about three percent today, Monday, on fears that the escalation of the situation in the Middle East would disrupt oil supplies from the region.

Brent crude futures rose $2.30, or 2.91 percent, to $81.32 a barrel, and US crude futures …

Oil prices rise amid expectations of a US interest rate cut

Oil prices rose in Asian trading on Monday on concerns that an escalation in the Middle East could disrupt regional oil supplies, while imminent US interest rate cuts boosted global economic prospects and fuel demand.

Brent crude futures rose 37 cent…