Brent crude jumps 13.6% in October to six-month high

Brent crude climbed 13.6% in October to settle at $117.64 a barrel, its highest in six months, while US WTI gained 15.2% to $104.12. Prices rose on fears of renewed US strikes on Iran after the midterm elections and fresh threats to shipping in the Strait of Hormuz, where a projectile hit a tanker. Goldman Sachs has flagged a possible move to $120.