Crude oil futures surged more than $2 per barrel during Monday morning trading sessions following Israeli military strikes in the Beirut region over the weekend.
The strikes, which took place on Sunday, represented the first such military action in the Beirut area since the United States put forward a ceasefire proposal for Lebanon.
U.S. crude futures climbed $2.57 to reach $93.11 per barrel at 2215 GMT, while Brent crude futures increased by $2.67 to hit $95.76 per barrel.
