Oil prices rise on demand, Middle East tensions, hitting $87.79

cnbc.com

Oil prices rose in Asian trading due to increased demand and Middle East tensions. Brent futures hit $87.79 a barrel, while WTI crude futures reached $84.03. Strong U.S. and Chinese manufacturing data boosted prices. Analysts predict U.S. futures could reach the mid-$90s if they break $84.00. An Israeli strike in Syria escalated Middle East tensions. OPEC will review output cuts in an upcoming meeting.


With a significance score of 2.8, this news ranks in the top 12% of today's 27487 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers:


Oil prices rise on demand, Middle East tensions, hitting $87.79 | News Minimalist