Oil rises more than 2% as Middle East attacks threaten supply
Reports say attacks on Saudi Arabia and US-Iran tension pushed crude to a five-month high.
Oil prices climbed by more than 2%, reports say. The rise came amid attacks on Saudi Arabia and continuing tension between the United States and Iran. One report says crude reached a five-month high.
One report says the United States and Israel are weighing fresh strikes on Iran. The reports link the price move to fears for global supply.
In delayed data (not live), West Texas Intermediate (WTI), the main US oil price, traded at $99.45 a barrel on 22 October. That is 2.37% above the previous close. The previous close is the price when trading ended the day before. A barrel is a standard unit of oil.
More raw-material news
Educational only, not financial advice. Numbers beside the story are from our own data.