Oil Rises 3.1% to $92.66 a Barrel

Bloomberg reported that oil rose 3.1 percent to $92.66 a barrel 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.

Click here to read the full Bloomberg report.