Oil prices shot up today as protests in the Middle East continued, leading to concerns over potential supply disruptions in the region.

US crude for March delivery increased by $1.37 to stand at $86.36 a barrel, gaining 1.6%, while Brent crude for April delivery fell by $1 to $102.78 from a $104.30 peak, reports Reuters.

The dollar’s decline with tension in Bahrain, Libya and Yemen aided the appeal of other currencies, which helped support dollar-denominated oil prices.