Global crude oil prices jumped around three per cent today on reports that the US will extend its blockade of Iranian ports, prolonging supply disruptions from a key oil-producing region.
Brent crude was trading 2.8 per cent up at 114 US dollars and 39 cents per barrel, while West Texas Intermediate crude was trading three per cent higher at 102 US dollars and 93 cents per barrel, when reports last came in.
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