Oil prices rose again today amid news of a recovery of Asian shares, the euro and base metals, although tensions still remain in the Middle East, offering additional support.

Positive data from the US and Europe led investors to go for riskier assets, thereby reviving hope for a healthier global economy.

Brent crude gained 36 cents to as much as $109.80 a barrel, while US oil rose by 24 cents to $88.89 as inventories were expected to have risen 1.7 million barrels for the week ending 19 October 2012.

Seven people were killed, while dozens were wounded, in gun battles in the Lebanese capital Beirut and Libya’s coastal Tripoli, increasing fears of Syria’s civil war spreading across to other nations and regions, reports Reuters.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData