Crude futures extend gains as West Texas Intermediate surpasses 100-USD mark

International oil prices continued their upward trajectory on Thursday as escalating tensions in the Middle East intensified market concerns over global energy supplies.

The West Texas Intermediate for October delivery gained 6.43 U.S. dollars, or 6.69 percent, to settle at 102.48 dollars a barrel on the New York Mercantile Exchange.

Brent crude for November delivery went up 6.42 dollars, or 6.34 percent, to settle at 107.63 dollars a barrel on the London ICE Futures Exchange.

Crude futures extend gains as West Texas Intermediate surpasses 100-USD mark

A report has been received of two vessels involved in an incident 4 nautical miles west of Khasab, Oman, near the Strait of Hormuz, the United Kingdom Maritime Trade Operations (UKMTO) said on Thursday.

The master of a vessel reported seeing four unknown projectiles hit two unknown vessels 6 nautical miles north of his position, causing a fire on one vessel, and the status of the second vessel was unsure, according to the UKMTO.

Two vessels involved in incident west of Oman: UKMTO