Oil prices rose on Wednesday as the lingering conflicts in the Middle East and Ukraine heightened concerns about long-term pressure on global energy markets. The prospects of a negotiated settlement between the United States and Iran remained uncertain, while the latest Ukraine trilateral talks in Abu Dhabi still showed no conclusive breakthrough. Brent for deliveries in January rose 3.31% at 9:27 am ET and sold for $94.64 per barrel, while West Texas Intermediate for deliveries in December jumped 2.86%, selling for $88.5 per barrel.