Oil prices rise more than 2% as Israel steps up incursion into Lebanon

BEIJING >> Oil prices rose more than 2% in early trading on Monday after Israel ordered troops to move further into Lebanon in the battle with the Iranian-backed Hezbollah militant group, despite a ceasefire announced more than six weeks ago. U.S. crude futures rose $2.17 or 2.48% to $89.53 a barrel as of 1112 GMT. Brent futures rose $1.93 or 2.12% to $93.05 a barrel.

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