Oil prices rose in early trade on Thursday, extending the previous day’s sharp gains on concerns about Middle Eastern supply following disruptions at a field in Libya and heightened tension around the Israel-Gaza war.
Brent crude rose 33 cents, or 0.42%, to $78.58 abarrel by 0101 GMT, while U.S. West Texas Intermediate crudefutures rose 40 cents, or 0.55%, to $73.10.
