The potential for war in the Middle East and the possible disruptions to the oil supply were the main drivers for oil futures settling higher Thursday. Observers say the surprise increase in US crude and gasoline inventories provided a ceiling for prices.
Brent crude oil futures settled up $1.14 to $86.39 a barrel.
West Texas Intermediate crude futures settled up 84 cents at $81.74.
There is no lessening of the tension in the Middle East. Israeli forces invaded a neighborhood in Gaza City while telling people living there they needed to move south. The southern city of Rafah was bombed as part of an operation against Hamas militants.
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