Oil Rises $2.79 to $92.66 a Barrel

Bloomberg reported that oil rose $2.79 to end at $92.66 a barrel on concern over disruption the supply due to instability in the Middle East.

As quoted in the market news:

Crude for August delivery increased $2.79, or 3.1 percent, to settle at $92.66 a barrel on the New York Mercantile Exchange. The price has risen 10 percent in seven days of gains, the longest such streak since Feb. 24. Prices are down 6.2 percent this year.

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