Oil strengthens as markets react to Iranian attack on US forces
Prices lose some ground as analysts say market tension may ease as long as production facilities remain unaffected by attacks
08 January 2020 - 08:07
Tokyo — Oil prices jumped to their highest in months on Wednesday after Iran attacked American forces in Iraq in response to a US strike that killed an Iranian general last week, raising the spectre of a spiralling conflict and disrupted oil supply.
But prices cooled a fraction after the early heat as analysts said market tension could ease as long as oil production facilities remain unaffected by attacks...
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