Oil prices surge amid Mideast shipping attacks, U.S. Gulf coast disruptions

Oil prices climbed on Thursday following reports of more attacks on commercial shipping in the Middle East, while markets also braced for supply disruptions from adverse weather along the U.S. Gulf coast.

Brent crude futures rose 3.9% to $104.07 a barrel, while U.S. West Texas Intermediate crude futures for November delivery rose 4.1% to $97.65.