Oil prices surge over 3.5% on new Middle East escalation, Brent crude tops $97.70 per barrel
Oil prices rose more than 3.5% on a new escalation of the Middle East conflict. July Brent futures on ICE Futures London were up $3.41 (3.62%) to $97.70 per barrel at 8:15 Moscow time. July WTI futures on NYMEX rose $3.37 (3.8%) to $92.05 per barrel. Both benchmarks closed at their lowest in over a month.
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