Crude Oil
Oil prices up nearly 1% after US and Iran trade new strikes
Early trade on Wednesday saw oil prices rise by nearly 1%, continuing the previous session's increase, as fears of supply disruption increased?after the U.S. & Iran exchanged strikes, dimming hope for a rapid easing?of tensions?in the Middle East. Brent crude futures rose 87 cents or 0.92% to $95.52 a barge by 0008 GMT. U.S. West Texas Intermediate futures rose 80 cents or 0.89% to $91.02. Both contracts rose more than $4 Tuesday. Brent's biggest gain since July 24, and WTI's biggest since July 23. The United States announced that it launched a series of airstrikes overnight against Iranian targets, prompting...