Friday October 26, 8:13 am ET
By Pablo Gorondi, Associated Press Writer
Oil Briefly Rises Above $92 a Barrel on Mideast Tensions, Supply Worries
Crude oil prices spiked above $92 a barrel Friday on tensions in the Middle East and renewed concerns about supply.
The United States announced new sanctions against Iran on Thursday, targeting the elite Revolutionary Guards, which Washington accuses backing Shiite militants in Iraq. A confrontation between the world's largest oil consumer and its fourth largest oil producer could upend markets.
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