Oil Prices Hit Highest Level In Nearly 2 Weeks On Asian Equity Recovery

Oil prices extended gains to hit their highest level in nearly two weeks on Monday, buoyed as Asian shares joined a global recovery in equity markets and as worries grew over tensions in the Middle East.
Prime Minister Benjamin Netanyahu said on Sunday that Israel could act against Iran itself, not just its allies in the Middle East, after border incidents in Syria brought the Middle East foes closer to direct confrontation.
US West Texas Intermediate (WTI) crude for March delivery was up 73 cents, or 1.2%, at $62.41 a barrel, after earlier touching its highest since 7 February. London Brent crude was up 52 cents, or 0.8%, at $65.36, after rising more than 3% last week. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774