By Scott DiSavino, Reuters
Photo: AFP
Oil prices climbed about 4 percent to a five-month high on Thursday on rising concerns that global supplies could be disrupted if the US decides to attack Iran, one of OPEC's biggest crude producers.
Brent futures rose (US)$2.50, or 3.7 percent, to (US)$70.90 a barrel, while Us West Texas Intermediate (WTI) gained (US)$2.35, or 3.7 percent, to (US)$65.56.
That pushed both crude benchmarks into technically overbought territory and put Brent on track for its highest close since July 31 and WTI on track for its highest close since September 26.
US President Donald Trump is weighing options against Iran that include targeted strikes on security forces and leaders to inspire protesters, multiple sources said,
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