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Oil prices near 2014 highs over warnings of western air strikes against Syria

Reuters  |  SINGAPORE 

By Henning GloysteinSINGAPORE (Reuters) - Oil prices edged higher on Wednesday, adding to steep gains in the previous session, as markets eyed an escalation of Middle East tensions after Europe's air traffic control agency warned of possible air strikes on Syria in the next 72 hours.Brent crude futures rose to $71.09 per barrel at 0104 GMT, up 7 cents from their last close. Brent surged more than 3 percent on Tuesday to hit its highest level since late 2014, at $71.34 a barrel.U.S. WTI crude futures were at $65.63 a barrel, up 12 from their last settlement.The United States and its allies ...

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First Published: Wed, April 11 2018. 06:45 IST