Oil nears $100 as Middle East strikes raise supply fears. New all-time high by September 30 at 1.4% YES, by December 31 at 10.5% YES.

Oil prices near $100 due to supply disruptions and falling inventories. New all-time high by September 30 at 1.9% YES, by December 31 at 9.5% YES.

Brent crude moved closer to $100 as renewed U.S.-Iran tensions and threats to Gulf shipping raised fears of prolonged oil supply disruptions.