Oil Settles Higher on Gulf Escalation

Oil Settles Higher on Gulf Escalation

Crude settles higher as attacks on key energy sites elevate supply concerns, widening Brent's premium and lifting gasoline sharply.

Crude settled higher Wednesday as the market absorbed a fresh escalation in the Gulf, with reported strikes on Iran's South Pars gas field and facilities in Asaluyeh raising the prospect that the con… [+2951 chars]