Oil prices touched fresh session highs on Thursday following a report from Al Arabiya that Saudi Arabia has urged its nationals to leave Lebanon immediately. “There is a rumor Saudi Arabia is pulling their citizen out of Lebanon. So there is speculation they are going to mount an attack,” said Phil Flynn, senior market analyst at Price Futures Group. December West Texas Intermediate crude added 44 cents, or 0.8%, to trade at $57.25 a barrel on the New York Mercantile Exchange after tapping a high of $57.47. January Brent crude added 33 cents, or 0.5%, to $63.82 a barrel on ICE Futures Europe after a $64.03 high.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News