Oil rises to three-month high

Oil prices rose today to their highest levels in three months driven by trade optimism between the United States and China in addition to tensions in the Middle East in the wake of the American air strikes in Iraq and Syria, Brent crude futures rose to 68.99 dollars a barrel and West Texas Intermediate crude futures rose to 1 62.34 dollars a barrel, its highest level since September 17, and investors are closely watching events in the Middle East after the United States launched air strikes on Sunday against the Hezbollah militia, while demonstrators in Iraq were forced on Saturday to close the right For Southern Nasiriyah oil, operations resumed on Monday