Oil prices surge above $107 as Middle East tensions threaten supply routes, with October petrol and diesel prices now on track for fresh record highs.

Attacks along key Middle East shipping routes stoked prolonged supply disruption fears.

Oil prices jumped more than 6 per cent on Thursday, with Brent crude rising above $107 a barrel amid growing concerns over disruptions to oil supplies as attacks on ships and oil…

Oil prices rise to nearly $110 amid Middle East tensions. New all-time high by December 31 at 13.5% YES.