EconomyOil jumps to $105, raising chances of a US rate hike
Oil prices rose 4 percent as tanker attacks escalated in the Middle East, with Brent crude topping $105 a barrel and US oil surpassing $100 for the first time since May. Concern over prolonged supply disruptions pushed traders’ expectations of a Federal Reserve rate increase next week to nearly 70 percent.
Oil jumps to $105, raising chances of a US rate hike
Economy