Oil prices jump more than $1 as Middle East tensions escalate
Oil prices jumped by over a dollar on Wednesday due to rising concerns Middle East tensions could escalate, potentially disrupting crude output from the region, following Iran’s biggest ever military blow against Israel. Brent futures leapt $1, or 1.36 per cent, to $74.56 a barrel, while U.S. West Texas Intermediate (WTI) crude spiked $1.07, or 1.53 per […]