Brent crude surges past $70 for first time since September on geopolitical risks
Oil prices extended their gains on Thursday on the back of simmering geopolitical tensions and concerns about the loss of supply. Concerns about a possible US military strike on Iran, OPEC’s fourth-largest producer with an output of 3.2 million barrels per day, caused Brent oil futures prices to surge on Thursday, reaching a four-month high
