Oil prices rise sharply on Middle East tensions and US hurricane threat

Filed by Dirk Danger

Global bond market sell-off continues and stocks fall amid another wave of potential strikes against IranBusiness live – latest updatesOil prices have risen sharply amid fears about escalating tensions in the Middle East and a squeeze on production from the threat of a hurricane off the US coast.Brent crude, the international benchmark, rose by 3.8% to $104 a barrel on Thursday, triggering a wave of selling in the global bond and stock markets. Continue reading...