Oil prices climbed Tuesday as Iran clamped down on anti-government protesters and unrest in the Middle East threatened to keep energy prices high for months to come.
Benchmark West Texas Intermediate for April delivery gained $2.66 to settle at $99.63 per barrel on the New York Mercantile Exchange. In London, Brent crude gained $3.62 to settle at $115.42 per barrel on the ICE Futures exchange.
The recent surge in oil has pushed up gasoline prices in the U.S. by nearly 20 cents per gallon in the past week. That's the sharpest increase since September 2008, when Hurricane Ike shut down Gulf Coast refineries, according to the Oil Price Information Service. In 2005, Hurricane Katrina sent prices soaring about 45 cents per gallon in one week.
http://finance.yahoo.com/news/Oil-prices-jump-on-Middle-apf-1296176780.html?x=0
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