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US oil contract WTI up 5% briefly, over $100

Crude, gas prices soar and stocks drop after US strikes on Iran
Source: Unsplash

Benchmark US oil contract, West Texas Intermediate, briefly rose more than 5 percent on Thursday to over $100 a barrel on fears for global supplies amid the Middle East war.

At around 1605 GMT the WTI price for delivery in April rose 2.29 percent to $98.53 per barrel, while international oil benchmark Brent North Sea crude gained 2.01 percent to $109.54 per barrel.

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AFP

Agence France-Presse (AFP) is a French international news agency headquartered in Paris, France. Founded in 1835 as Havas, it is the world's oldest news agency.

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