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Brent settles above $102 as China's fuel export suspension and reports of a larger US military presence in the Middle East fuel supply concerns
PetroChina canceled gasoline and jet fuel shipments planned for October, tightening already war-strained energy markets
Oil prices jumped on Thursday and settled up more than US$4 a barrel, after a report said the US was sending more troops and carriers to the Middle East and China suspended oil products exports, stoking fears that global fuel shortages could worsen.