U.S. crude stockpiles fell 300K barrels last week, API says
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Brent settles at over US$100 a barrel as Middle East conflict intensifies
Both oil benchmarks closed at their highest since May 22
- Brent crude surpasses $100 a barrel, highest since late May
- Iran and US target shipping vessels, causing price surge
- Supply disruption fears in Middle East due to Iran's attacks
Brent holds above US$100 as tanker attacks deepen supply fear
Brent prices have surged nearly 30% from lows in early August