Oil prices jump after the American aggression
10:42 - 04/01/2020
The information / Baghdad ..
Oil prices jumped to the highest level in more than three months after the US aggression targeting a vice-president of a body the Popular Mobilization Committee,
Abu Mahdi Al-Muhandis, commander of the Quds Force, Qassem Soleimani, which raised fears that the escalation of the conflict in the Middle East may disrupt crude supplies from the region.
Brent crude contracts ended the session higher by $ 2.35, or 3.6 percent, to settle at $ 68.60 a barrel after recording during the session $ 69.50, the highest level since the attack on Saudi oil facilities in mid-September.
And US benchmark West Texas Intermediate crude contracts rose 1.87 dollars, or 3.1 percent, to settle at the settlement of $ 63.05 a barrel after recording earlier in the session the highest level since April 2019 at $ 64.09.
"We are expecting medium to low level clashes that will last for at least a month and are likely to be limited to Iraq,
" said Henry Room, Iran
analyst at Eurasia .
Sources with foreign oil companies told Reuters that dozens of their American employees in the Iraqi oil city of Basra are preparing to leave the country on Friday.
Oil prices also found support after government data showed that crude inventories in the United States recorded the largest weekly decline since June 2019. Ended / 25