Oil futures jumped on Wednesday, fueled by rising tensions in the Middle East and a bullish US inventories update. In London, Brent crude for December loading settled $1.60 higher at $91.50 per barrel, while in New York, November West Texas Intermediate (WTI) on Nymex climbed $1.66 to close at $88.32/bbl. November Nymex gasoline jumped 6.9¢ to $2.3535 per gallon, while the heating oil contract - a proxy for diesel - ended the session 3.74¢ lower at $3.1393/gallon.
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