Monday’s rise in oil prices reflected worries about the possible disturbance of regional oil supply resulting from the escalation of conflict from Gaza to the Middle East.
Rising 37 cents, or 0.5 percent, Brent crude futures came to $79.39 a barrel by 2300 GMT.
Rising 36 cents, or 0.5 percent, U.S. oil futures were at $75.19 a barrel.
The approaching US interest rate cuts stimulated demand for petroleum and improved the state of world economy. End or 25-minute
