Oil prices rise on Middle East supply risks as Israel steps up attacks [Yahoo! Finance Canada]
Mesoblast Limited - American Depositary Shares (MESO)
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Source: Yahoo! Finance Canada
By Katya Golubkova TOKYO (Reuters) - Oil prices edged higher on Monday on increasing concerns of potential supply disruptions from the Middle East producing region after Israel stepped up attacks on Iranian-backed forces. Brent crude futures for November delivery increased 16 cents, or 0.22%, to $72.14 a barrel as of 0043 GMT. That contract expires on Monday and the more-active contract for December delivery gained 10 cents, or 0.14%, to $71.64. U.S. West Texas Intermediate crude futures added 8 cents, or 0.12%, to $68.26 a barrel. Last week, Brent fell around 3%, while WTI fell by around 5% as demand worries increased after fiscal stimulus from China, the world's second-biggest economy and the top oil importer, failed to reassure market confidence. However, prices on Monday were supported by the possibility of a widening Middle East conflict involving Iran, a key producer and member of the Organization of the Petroleum Exporting Countries (OPEC), after Israel increased its
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