Oil prices have jumped on persistent worries about supply from the Middle East, amid an increase in attacks on shipping in the Gulf and the Strait of Hormuz, Reuters reports.
Brent crude futures are up $4.55, or 4.54 per cent, at $104.75 a barrel as of 1205 GMT (5:05pm PKT) — the highest in over a week.
US West Texas Intermediate (WTI) crude has gained $4, or 4.53pc, to $92.28, its highest since October 2.
