The oil price hit-two week high, as it risen about 3 percent after a spike in Middle East tensions from Turkey’s downing of a Russian warplane and a rally in U.S. gasoline futures.
U.S. gasoline futures RBc1 jumped 6 percent on an expected rise in road travel around Thursday’s Thanksgiving holiday.
Refining margins for gasoline rose by about $1 a barrel in both the United States and Europe.
U.S. crude’s West Texas Intermediate (WTI) futures CLc1 finished the session up $1.12, or 2.7 percent, at $42.87. It hit $43.46 earlier, its highest since Nov. 11.
