NEW YORK: Brent crude oil futures rose more than $1 per barrel yesterday as US lawmakers voiced support for military action against Syria, and oil prices also drew support from improving economic data in the United States and China and concerns over crude oil supply.
US crude got an early boost from reports showing demand picked up in the US manufacturing sector and steady growth in China’s services sector. Brent crude was up $1.38 to $115.71 a barrel at 12:58 p.m. EDT (1758 GMT). It hit a session high of $115.87. US oil reached $108.25, up 60 cents from Friday’s settlement.
Reuters
