Oil jumps to $105, pushing up chances of a US interest rate increase
- Prices spiked as attacks on oil tankers escalated in the Middle East.
- Oil prices have increased by four percent, with benchmark Brent crude hitting $105 a barrel after the biggest rise in attacks on shipping since the Iran war began spurred trader concerns about further supply disruptions.
- Brent crude futures were up $4.05, or four percent, at $105.26 a barrel by 1215 GMT on Thursday.
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- Prices spiked as attacks on oil tankers escalated in the Middle East.
- Oil prices have increased by four percent, with benchmark Brent crude hitting $105 a barrel after the biggest rise in attacks on shipping since the Iran war began spurred trader concerns about further supply disruptions.
- Brent crude futures were up $4.05, or four percent, at $105.26 a barrel by 1215 GMT on Thursday.
Sources: Al Jazeera