Oil prices climb as Brent tops $101 amid Middle East supply fears

Oil prices rose on Thursday amid ongoing concerns over Middle East supply, as attacks on shipping in the Gulf and Strait of Hormuz increased.

Brent crude futures gained $1.33, or 1.33%, reaching $101.53 per barrel by 01:16 GMT.

US West Texas Intermediate futures climbed 1.26%, or $1.11, to $89.39 per barrel.