Oil prices spike over 4.5% after Iran attacks

Published Wed, Jan 8, 2020 · 12:59 AM

[TOKYO] Oil prices spiked on Wednesday morning, rising over 4.5 per cent at one point after Iran fired a barrage of ballistic missiles against two airbases in Iraq used by US and coalition forces.

The benchmark WTI jumped as much as 4.53 per cent to US$65.54 a barrel before settling down slightly after Iran unleashed its first response to the US assassination of military commander Qasem Soleimani.

AFP

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Oil prices spike over 4.5% after Iran attacks

Energy & Commodities

Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains

Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early

Anglo rejects BHP takeover bid as significantly undervalued

India rice prices at three-month low on shrinking demand

Gold prices set for weekly decline ahead of US inflation data

Pricey coffee is here to stay as hoarding, heat hit Vietnam supply

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