Energy Prices Rise as Mideast Tensions Flare Up

Prices for crude oil and other energy futures are closing higher as traders worry about supply disruptions because of escalating tensions in the Mideast.

Other commodities prices ended mixed Wednesday. Metals prices were mostly higher, as were corn and soybeans. Copper and wheat futures fell.

Benchmark oil rose 94 cents to finish at $86.32 per barrel. That's a gain of just more than 1 percent.

Airstrikes from Israel into Gaza killed a Hamas commander. Israeli leaders said the strikes were the start of a broad operation in response to days of heavy rocket fire from militants in the Palestinian territory.

Heating oil, natural gas, and wholesale gasoline futures also rose.


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