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Brent crude tops $70 per barrel on Iran attack concerns
['Robert Harvey', 'Thu', 'January', 'At Pm Gmt', 'Min Read']
Yahoo Finance
By Robert HarveyLONDON, Jan 29 (Reuters) - Brent oil futures prices jumped on Thursday, hitting a four-month high on rising concerns of a possible U.S. military attack on Iran, OPEC's fourth-largest producer, with output of 3.2 million barrels per day.
Brent crude futures were up $1.52, or 2.22%, to $69.92 a barrel at 1210 GMT.
At its intra-day peak, Brent traded as high as $70.35 a barrel, its highest since late-September.
U.S. West Texas Intermediate crude was up $1.48, or 2.34%, to $64.69 a barrel.
WTI futures earlier topped $65 a barrel, also a four-month high.