Oil jumps 2 percent on Iran jitters, OPEC meeting eyed - Reuters

NEW YORK (Reuters) - Oil prices rose on Tuesday as geopolitical jitters about Iran combined with threats to supply and key shipping lanes sent U.S. crude back above $100 a barrel.

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Crude futures briefly surged nearly $4 a barrel after markets opened in New York in a furious burst of trading that traders attributed to renewed fears over Iran, expectations of further monetary easing and computer-driven dealing.

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Brent and U.S. crude prices shot up at 9:45 a.m. EST, adding to previous gains as volumes surged in one of the most concentrated bursts of trading activity in months.

Oil jumps 2 percent on Iran jitters, OPEC meeting eyed - Reuters