Oil prices rise as Middle East tensions rise

Oil prices rose above $91 a barrel on Monday as diplomatic efforts to address the crisis in the Middle East intensified.Investors are concerned that the Israel-Hamas war could spark a wider conflict in the oil-rich region and



further tighten global supply, CNN reported.

Brent crude futures, the global oil benchmark, rose as high as $91.2 a barrel in Asian hours on Monday, up slightly from the October 13 settlement price of $90.89.