Oil jumps on supply concerns after US kills Iranian general
Some analysts think Iran may resume harassment of commercial shipping in the Gulf
03 January 2020 - 12:39
London — Oil prices jumped nearly $3 on Friday after a US air strike in Baghdad killed the head of Iran’s elite Quds Force, sparking concerns for escalation of regional tensions and disruption of crude supplies.
Brent crude hit $69.16 a barrel, its highest since September 17, before easing to $68.54, up $2.29 or 3.4%, by 9.47am GMT. West Texas Intermediate (WTI) crude was up $2.10 or 3.4% at $63.28 a barrel, having earlier spiked to $63.84 a barrel, its highest since May 1...
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