NEW YORK: Oil prices rose around 2% on Thursday to settle at their highest level in six months, as traders worried about escalating tensions between the United States and Iran, which have stepped up military activity in the oil-producing Middle East.
Brent crude futures settled up US$1.31, or 1.9% at US$71.66 a barrel, while US West Texas Intermediate crude settled up US$1.24, or 1.9% at US$66.43.
