Oil prices surge to $99 amid Middle East tensions. Crude oil reaching a new all-time high by December 31 at 10.5% YES.

Oil prices surge to $99 amid Middle East tensions. Crude oil reaching a new all-time high by December 31 at 10.5% YES.

(Bloomberg) -- A renewed rally in oil prices sent stocks lower, stoking concerns about higher interest rates just days ahead of key inflation data.