Oil nears $100 as West Asia tensions escalate
The price of Brent crude, one of the key global oil benchmarks, has climbed to $98 per barrel, rising more than 4% in today’s trade. With that, Brent has touched a six-week high, while US benchmark West Texas Intermediate (WTI) was trading close to $89.50 a barrel. Brent inching closer to the psychologically important $100-a-barrel…
