NEW YORK: Oil prices jumped about 4% on Thursday on a spike in US fuel use before Hurricane Milton barrelled across Florida, Middle East supply risks and signs that demand for energy could grow in the US and China.
Brent futures rose US$2.82, or 3.7%, to settle at US$79.40 a barrel, while US West Texas Intermediate (WTI) crude rose US$2.61, or 3.6%, to settle at US$75.85.
