Oil Prices Near $100 as Middle East Attacks Raise Supply Risks

Brent crude futures rose 1.4 per cent, to US$99.33 a barrel by 0212 GMT on Wednesday. PHOTO: REUTERS

The oil price rose for a fourth consecutive session Wednesday, closing close to $100 per barrel as renewed combat in the Middle East raised new worries about potential disruptions to global supply. Brent crude futures rose 1.4 per cent to $99.33 a barrel by 0212 GMT, as US West Texas Intermediate crude futures rose 1.4 per cent to $94.34 a… Continue reading Oil Prices Near $100 as Middle East Attacks Raise Supply Risks