BEIJING, June 8 : Oil prices were up more than $2 a barrel in early trading on Monday after Israel on Sunday launched strikes on the Beirut area for the first time since the U.S. announced a ceasefire plan for Lebanon.U.S. crude futures were up $2.57 at $93.11 per barrel as of 2215 GMT, while Brent crude futu

Oil prices surge over 2% as Israel intensifies military action in Lebanon amid ongoing conflict with Hezbollah.

Oil prices surge over 2% as Israel intensifies military action in Lebanon amid ongoing conflict with Hezbollah.

BEIJING, June 1 : Oil prices rose more than 2 per cent in early trading on Monday after Israel ordered troops to move further into Lebanon in the battle with the Iranian-backed Hezbollah militant group, despite a ceasefire announced more than six weeks ago.U.S. crude futures rose $2.37 or 2.71 per cent to $89

BEIJING, June 1 : Oil prices rose more than 2 per cent in early trading on Monday after Israel ordered troops to move further into Lebanon in the battle with the Iranian-backed Hezbollah militant group, despite a ceasefire announced more than six weeks ago.U.S. crude futures rose $2.37 or 2.71 per cent to $89