Oil prices rise on Thursday

Oil prices nudged higher on Thursday morning trading in Asia after plunging when the US agreed to stop striking Iran for two weeks. Global benchmark Brent crude was up 2.2% at $96.70 (£72.18) a barrel, while US-traded West Texas Intermediate was 2.8% higher at $96.90. Cracks in the conditional ceasefire have started to show after Israel continued to launch strikes at Lebanon. Brent initially sank 15% to just under $92 a barrel on Wednesday after US President Donald Trump's announcement, though p