Oil prices jump more than 1% on Middle East supply fears



Oil prices rose more than 1% on Wednesday after reports that Israel could be preparing to strike Iranian nuclear facilities raised fears of a supply disruption in the Middle East.

Brent futures rose 79 cents, or 1.2%, to $66.17 a barrel by 1018 GMT. U.S. West Texas Intermediate crude jumped 82 cents, or 1.3%, to $62.85.

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