US crude rose 1.27 per cent to $102.68 a barrel, while Brent crude gained 1.21 per cent to $106.96 amid renewed concerns over oil supplies from the Middle East
Brent crude futures rose $3.21, or 3.1 per cent, to $107.82 a barrel by 1218 GMT, after touching an intraday high of $108.65
The latest increase followed fresh military action involving the US and Iran as well as attacks by Iran-backed Houthis on Saudi Arabia, adding to uncertainty over energy supplies from the region
