Oil nears $100 as fresh Middle East strikes raise supply risks
Oil prices rose for the fourth straight session, gaining more than $1 in early trade on Wednesday after renewed attacks across the Middle East heightened worries about supply disruptions. Brent crude futures rose 1.4%, to $99.33 a barrel, while US West Texas Intermediate crude was at $94.34 a barrel, up 1.4%. Brent crude prices have jumped by a quarter since early August as hopes for a permanent resolution to the six-month-old war faded and as fighting flared again, with prices fast approaching the key $100-a-barrel mark.