Oil Crosses $110 a Barrel after Gas Field Strike

ShareOil prices rose above $110 (£82.78) a barrel after Iranian media reported an airstrike hitting a facility on the world’s largest natural gas field. The Brent crude oil benchmark hit $112 a barrel in early Thursday trade in Asia, more than 5 per cent higher than Tuesday’s prices. The price has since fallen slightly. The benchmark UK gas price also jumped by 6 per … Continue reading Oil Crosses $110 a Barrel after Gas Field Strike