Investors

Oil prices were boosted today as concerns about supply disruptions remained, as fighting in Beirut, Lebanon and Palestine continued.

Brent crude for December gained 30 cents to $110.44 a barrel, while US oil climbed 50 cents at $90.55.

Shots was exchanged in the southern districts of Beirut after the state funeral of an assassinated Lebanese intelligence chief ended in violence.

Mourners broke away and tried to storm the offices of Lebanon’s Prime Minister Najib Mikati. The clashes were linked to a civil war in neighbouring Syria, where tension prevailed.

Meanwhile Israeli forces killed two Palestinian militants during an incursion in the northern Gaza Strip.

Investors are worried about weaker demand prospects, coupled with excess supply, which may affect oil prices, reports Reuters.


Image: Brent crude for December gained 30 cents to $110.44 a barrel. Photo courtesy of Lars Christopher Nøttaasen.