Oil nears $100 as fresh Middle East strikes raise supply risks

Intelligence summary

NEW DELHI: Oil prices rose for the fourth straight session, gaining more than $1 ​in early trade on Wednesday after renewed attacks across ‌the Middle East heightened worries about supply disruptions. Brent crude futures rose 1.4 percent, to $99.33 a barrel by 05:12 a.m. Saudi time, while US West Texas Intermediate crude was at $94.34 ​a barrel, up 1.4 percent. Brent crude prices have jumped by ​a quarter since early August as hopes for a ⁠permanent resolution to the six-month-old war fa