Sri Lanka, March 12 -- Oil prices surged past $100 per barrel again overnight, three days after it hit a four-year high, as the US and Israel's war with Iran continues to have a historic impact on global fuel supplies.

The jump came despite the International Energy Agency's member countries unanimously agreeing earlier on Wednesday to release a record 400 million barrels of oil into the global market.

Brent crude, the global oil benchmark, hovered around $100 a barrel late Wednesday, an 8.7% increase for the day. Meanwhile, WTI, the US benchmark, also soared 8.7% to $94.8.

Source: CNN

- Agencies

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