Monday, military clashes between Israel and the Palestinian Islamist group Hamas caused oil prices to rise more than 2%. This was because of worries of a bigger war in the Middle East. At 8:59 GMT, Brent oil was up $2.28, or 2.7%, to $86.86 a barrel, and U.S. West Texas Intermediate crude was up $2.44, … Continue reading Oil Prices Surge as Middle East Tensions Escalate: What’s Next for Global Economies?