Oil prices rose on Tuesday on concerns the intensifying conflict between Israel and Hezbollah may impact supply in the key Middle East producing region and a...
KUALA LUMPUR - Oil prices rose on Tuesday on concerns the intensifying conflict between Israel and Hezbollah may impact supply in the key Middle East producing region and a tropical storm may impact output in the U.S., the world's biggest crude producer, later this week.
Israel's military said it launched airstrikes against Hezbollah sites in Lebanon on Monday, which Lebanese authorities said had killed 492 people and sent tens of thousands fleeing for safety in the country's deadliest day in decades. "The oil market has been concerned that rising tensions in the region were dragging the OPEC oil producer closer to engagement," said ANZ bank said in a note, referring to Iran.
The U.S. National Hurricane Center said a potential tropical storm southeast of the western tip of Cuba was expected to develop into a hurricane on Wednesday and intensify in the next 72 hours as it moves across the eastern Gulf of Mexico. "Friday Night Lights" lead Kyle Chandler is reportedly in talks to star in "Lanterns," a new HBO series based on DC Comics' "Green Lantern."
Hezbollah Tropical Storm Concerns Crude Futures Oil Producer Oil Prices Brent Crude Futures
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