Oil rises to six-month high on concern over potential US-Iran conflict
NEW YORK, Feb 19 (Reuters) – Oil prices rose around 2% on Thursday to their highest level in six months, as traders worried about escalating tensions between the United States and Iran, which have stepped up military activity in the oil-producing Middle East.
Brent futures rose $1.25, or 1.8%, to $71.60 a barrel by 1:29 p.m. EST (1829 GMT), while U.S. West Texas Intermediate (WTI) crude rose $1.22, or 1.9%, to $66.41.
