Oil prices soared on Thursday following reports that the United States could launch fresh attacks on Iran before next month's midterm elections, risking further supply disruptions.
But the cost surge eased slightly after US President Donald Trump ruled out hitting Iran before the November vote, claiming Washington was holding "productive discussions" with Tehran.
Brent North Sea crude, the international benchmark, rallied to as high as US$105.88 a barrel before retreating to US$104.28.
The main US contract, West Texas Intermediate, reached as high as US$93.20 per barrel but eventually closed at…
No comments yet