Crude oil rises 2.16% as attacks on Iran field threaten supply
Oil prices reached a five-month high as attacks threatened global supply, reports say.
Crude oil rose 2.16% to 99.25 dollars a barrel, in delayed data (not live, a quote that lags the market) on the front-month price (the price for the nearest delivery month).
The reports say attacks on Iran's South Pars field threatened global supply. Reports differ on the size of the move, with some pointing to a five-month high.
The rise comes as tanker rates climbed, reports say, adding pressure to energy costs.
Reports point to inflation risks from higher oil prices.
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