Oil prices spike following escalating conflict in Middle East ...Middle East

ANKARA: Oil prices increased during early Asian trade on Monday over intensified supply concerns caused by the conflict between Palestine and Israel, while data indicating higher demand in China, the world’s largest oil importer, reinforced the price upticks, reported Anadolu.International benchmark crude Brent traded at US$86.89 per barrel at 12.08 am local time (0908 GMT), a 2.7 per cent gain from the closing price of US$84.58 a barrel in the previous trading session on Friday.The American benchmark West Texas Intermediate (WTI) traded at the same time at US$85.31 per barrel, up 3 per cent from Friday’s close of US$82.79 per barrel.Following the latest crisis between Palestine and Israel,

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