NEW YORK: Oil prices jump over two per cent on Tuesday as the Middle East crisis and a Libyan supply outage pared the previous day’s heavy losses. Brent futures rose $1.90, or 2.5pc, to $78.02 a barrel by 11:59 a.m. (1659 GMT). US West Texas Intermediate crude (WTI) rose $1.91, or 2.7pc, to $72.68. Both benchmarks were up more than $2 at their session highs.
By Reuters
