• Text size
  • Send this article to a friend
  • Print this article

Middle East tensions put upward pressure on crude oil price

Crude oil futures rose above $48 in New York dealing yesterday, as Israel�s ground offensive in Gaza and a dispute between Ukraine and Russia over gas imports helped fuel a rally in prices.

CRUDE oil futures rose above $48 in New York dealing yesterday, as Israel's ground offensive in Gaza and a dispute between Ukraine and Russia over gas imports helped fuel a rally in prices.