Oil prices rallied towards $65 per barrel on fears of a U.S. military attack on Iran that would disrupt flows from the Middle East, which provides more than 20% of the world’s oil output. Brent crude was up 42 cents, or 0.66%, at $64.87 a barrel by 0850 GMT. The global benchmark jumped 4.3% on Thursday and was up around five percent for the week, in its first weekly gain in five weeks. U.S. West Texas Intermediate crude was up 21 cents, or 0.38%, at $57.28 a barrel. The U.S. benchmark surged 5.4% on Thursday and was on track for a 9% increase this week. “Crude prices are spiking on increased Middle East tensions after Iran shot down a U.S. drone in what the […]