Oil trades at one-week high as Israel attacks the Gaza Strip

Source: Bloomberg
© Scanpix/Reuters
Oil traded close to a one-week high as Israel attacked the Gaza Strip, increasing concern Middle East unrests will disrupt supplies. Elsewhere, the U.S. data showed that stockpiles increased to the most since mid-summer. Crude for December settlement was up by 1% at $86.33 a barrel, while Brent oil for December delivery increased 14 cents to $109.75 a barrel.
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