Oil prices jump after escalation in Middle East crisis reignites global concern that supply of crude oil would be disrupted

//Oil prices jump after escalation in Middle East crisis reignites global concern that supply of crude oil would be disrupted

Oil prices jump after escalation in Middle East crisis reignites global concern that supply of crude oil would be disrupted

Oil prices jumped after Iran attacked two US-Iraqi bases in its first response to the killing of a top general, sparking fears the deepening conflict will disrupt global crude supplies.Futures in London briefly surged more than 5 per cent to almost US$72 a barrel as the Islamic Revolutionary Guard Corps claimed responsibility for the missile strikes, which the Pentagon said were launched from Iran. Prices later pared more than half that advance after Iran’s foreign minister said it had …

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By | 2020-01-08T04:02:16+00:00 January 8th, 2020|Business|Comments Off on Oil prices jump after escalation in Middle East crisis reignites global concern that supply of crude oil would be disrupted