Oil prices up after Iraq attack, but still off earlier peaks
Brent was up 1.1% and WTI 0.9%, with analysts not expecting disruption in supply at this stage
08 January 2020 - 13:02
Tokyo/London — Oil prices were up on Wednesday but well below peaks hit in frenzied early trading after a rocket attack by Iran on American forces in Iraq raised the spectre of a spiraling Middle East conflict and disruption to crude flows.
Prices gave up most of their early gains as analysts said market tension could ease as long as oil production facilities remain unaffected by attacks. Tweets by US President Donald Trump and Iran’s foreign minister also appeared to signal a period of calm — for now...
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