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Global price of oil topped $100 a barrel on Wednesday

The global price of oil topped $100 a barrel on Wednesday for the first time since July, as continued tensions between Iran and the United States added to uncertainty over future supply.
 
The rise followed a statement on Tuesday by U.S. Central Command, which said that its forces had destroyed five Islamic Revolutionary Guard Corps oil tankers.
 
Brent crude oil prices, a benchmark for global trading, climbed about 2.7%, trading at about $100.57 a barrel for contracts with November deliveries.
 
West Texas traded at about $95 a barrel, up by about two per cent.
 


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