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The Guardian - UK
The Guardian - UK
Business
Tom Ambrose and agencies

Oil prices rise after Gaza hospital blast prompts global concern

Joe Biden Oil Gaza Vivek Dhar Hamas
People inspect the damage at the al-Ahli al-Arabi hospital in Gaza after the blast
People inspect the damage at the al-Ahli al-Arabi hospital in Gaza after the blast. Photograph: Dawood Nemer/AFP/Getty Images

Oil prices rose on Wednesday after a blast at a Gaza hospital that left hundreds of Palestinians dead and caused concerns about global oil supply disruption.

Brent crude futures, the global benchmark, advanced $3, or more than 2%, to $92.90 a barrel, while West Texas Intermediate crude (WTI) futures were up $3 (2.1%) at $89.66 a barrel, with both benchmarks reaching their highest levels in a fortnight.

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