Oil Prices Rise On Supply Worries, Mideast Tension

Crude oil prices rose on Monday, supported by supply concerns and continued tensions encircling Syria. Oil for November delivery rose 38 cents, or 0.4%, to $90.43 a barrel. A major oil pipeline out of Canada that ships Canadian crude to U.S. Midwest refineries was idled last Wednesday.

It was reportedly due to restart on Monday, a day later than expected. Middle East tensions were also in focus after Lebanon’s intelligence chief, Brig. Gen. Wissam al-Hassan, was assassinated in a car bombing on Friday. Media reports said al-Hassan was allied with the anti-Syria opposition, and the news has raised fears of a political crisis in Lebanon.

Marketwatch