Oil Surges as Fresh US Strikes on Iran Threaten Fragile Truce

Oil pipelines run near storage tanks at the Enbridge Inc. Cushing Terminal in Cushing, Oklahoma, U.S., on Friday Feb. 24, 2011. Oil in New York surged to a 29-month high of $103.41 a barrel on Feb. 24 as Libyan leader Muammar Qaddafi vowed to crush an uprising that threatens his 42-year rule.