Oil prices nudge over 4% after the US confirms an Iranian Commander killing during air strike

  • Jan 03, 2020 GMT
  • Team Kalkine

As on January 03, 2019, International Crude Oil benchmark Brent Oil soared up about 4% to $68.9/bbl, after the United States confirmed that an Iranian Commander was killed during the air strike at the Baghdad International Airport on the US President’s orders. The escalation has raised concern over oil supply in the Middle East. The move is typically in retaliation to the attack launched over US embassy in Iraq as on January 02, 2020. The American Crude WTI soared 3.25% to $62.9/bbl at the time of writing at 03:00 PM GMT.

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