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News Summary: Oil rises as Israel strikes Gaza

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The Associated Press | November 14, 2012 05:27 PM EST | AP


GAZA STRIKES: Oil, gasoline and heating oil ended higher as traders worried about potential supply disruptions because of an escalation of tensions in the Mideast.

BY THE NUMBERS: Benchmark oil rose 94 cents to finish at $86.32 per barrel. That's a gain of just over 1 percent. Heating oil rose 2.74 cents to end at $2.9882 per gallon.

MIXED GRAINS: Wheat slid 2.25 cents to $8.4875 a bushel, its fourth straight decline. December corn climbed 2.25 cents to $7.2575 a bushel and January soybeans rose 11 cents to $14.19 per bushel.