WATCH THE VIDEO HERE By Adedapo Adesanya Crude oil prices gained nearly 2 per cent on Monday on hopes of rising demand during the Northern Hemisphere’s summer driving season and worries that conflict in the Middle East could spread and reduce global oil supplies. Israel and Hezbollah, which is sponsored by Iran, have been engaging in intense fights since the commencement of the Gaza conflict. There is growing apprehension that an all-out war may occur between the two parties. This pushed the price of Brent futures higher by $1.60 or 1.9 per cent to $86.60 per barrel as the US West Texas Intermediate (WTI)
Summer Demand Hopes, Supply Worries Lift Crude Oil Prices
