Oil prices open higher, past $100/barrel as war in Middle East rages

WASHINGTON, United States – Oil prices kept rising as markets opened Sunday, with both benchmarks higher as the war in the Middle East disrupts global supplies. Around 2245 GMT, shortly after the Chicago Mercantile Exchange opened, US benchmark West Texas Intermediate rose 2.54 percent to $100.22 a barrel, while the price of Brent, the international benchmark for oil, was up 2.88 percent to $106.11 a barrel. READ: jumbo-oil-price-hike-seen-at-up-to-p22-30-liter-on-march-17 The rise was lower than price surges seen during market sessions in the past two weeks. With Gulf states slashing production and oil tankers stuck in the Gulf, benchmark oil prices have […]... Keep on reading: Oil prices open higher, past $100/barrel as war in Middle East rages