Middle East Tension Fuels Crude Highs ; Oil

Summary


THE price of crude oil hit new highs today, surging past $91 a barrel as tensions rose following Turkey's military threat against Kurdish rebels in Iraq and new US sanctions on Iran.

New York's main futures contract, light sweet crude for delivery in December, hit $91.10 before easing to $90.88 in Asian trade.

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Extract


Middle East Tension Fuels Crude Highs ; Oil

Brent crude for December was up 52 cents a...

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