Oil prices rise more than $2 on Israel strikes on Lebanon
Heavy machinery operates to remove the rubble in the aftermath of an Israeli strike on the southern suburbs of Beirut, Lebanon, June 7, 2026. REUTERS/Mohamed Azakir
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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 futures rose $2.67 to $95.76 a barrel.
Source: Reuters
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