U.S. President Donald Trump expressed frustration on Thursday that oil prices have risen amid supply concerns from potential conflict in the Middle East.

The price of crude oil rose sharply Wednesday amid progress in negotiations with China, rising geopolitical tensions in the Mideast, and the start of the summer driving season. The U.S. benchmark, West Texas Intermediate,

The U.S. is preparing a partial evacuation of its embassy staff in Iraq due to heightened security risks in the region, sources told Reuters.

NEW YORK] Oil prices rose more than 4 per cent on Wednesday, to their highest in more than two months, after sources said the US was preparing to evacuate its Iraqi embassy due to heightened security concerns in the Middle East.

OPEC+, the cartel of oil producers, agreed over the weekend to crank up production. Instead of falling, Brent crude prices are up about 3% to start the week, at a shade under $65 a barrel. Prices are

Brent crude futures rose 0.7 per cent to US$67.48 a barrel, while U.S. West Texas Intermediate crude was also up 0.7 per cent to US$65.72

Oil prices edged higher on Thursday to their highest in more than two months, after U.S. President Donald Trump said U.S. personnel were being moved out of the Middle East, which raised fear that escalating tensions with Iran could disrupt supply.

Crude oil futures fell about 2% on Thursday as traders monitored tensions in the Middle East. U.S. West Texas Intermediate was down $1.38, or 2.02%, to $66.77 a barrel. Global benchmark Brent fell $1.