Global inflation fears as oil price rises towards $100 a barrel

Brent crude, the oil price benchmark, rose to a 10-month high last week of almost $94 a barrel.

It is up from $ 72 a barrel at its lowest point in June heading for its biggest quarterly increase since Russia 's invasion of Ukraine .

The lighter US crude, West Texas Intermediate , has climbed from $ 67 a barrel to $ 90 a barrel over the same period.

Petrol and diesel prices in the UK have begun to rise modestly, adding 10p to the cost of a litre since June .