Oil prices jump 4% after US air strike - Bhaskar Live

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Friday, January 3, 2020

Oil prices jump 4% after US air strike

Global oil prices jumped over 3 percent on Friday after a US airstrike ordered by President Donald Trump killed a top Iranian general in Iraq.
The sharp jump followed the attack over fears of conflict between two of the world's largest oil-producing nations.
The global benchmark, Brent, was trading 3.20 percent higher at $68.37 a barrel during the early hours on Friday. The Brent had surged as much as 4.4 percent earlier while the WTI also gained over 4 percent to 63.84.
Domestic oil prices are already on the rise in India. Besides, Indian imports over 80 percent of its oil requirement.

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