Oil Surged On 9-month High on US Move Against Iran

Oil climbed above $71 to a nine-month high on Thursday after after U.S. warships put on a show of force off Iran's coast on Wednesday.

London Brent crude , a more accurate indicator than U.S. oil, gained 64 cents to $71.24 a barrel by 0811 GMT, after hitting a fresh nine-month high of $71.29.

U.S. light sweet crude traded up 20 cents at $65.97 .