Commodities
Oil Prices Soar Past $100 a Barrel Amid Middle East Attacks
The price of oil has surpassed $100 a barrel for the first time since July after a wave of attacks on oil facilities and ships in the Middle East.
Brent crude, the international standard, jumped nearly 3% to $100.72 early Wednesday.
U.S. benchmark crude gained 2.4% to $95.25 a barrel, and U.S. gasoline prices rose sharply overnight.
The average price for a gallon of regular gasoline ticked up 7 cents overnight to hit $4.22, now more than a dollar above what it cost at this point last year, according to AAA.