Brent crude futures jumped nearly $3 on Friday after a U.S. air strike in Baghda...
SINGAPORE - Brent crude futures jumped nearly $3 on Friday after a U.S. air strike in Baghdad killed top Iranian and Iraqi military commanders, sparking concerns of disruption to Middle East oil supplies.
West Texas Intermediate crude futures CLc1 were up $1.85 or 3.04% at $63.03 a barrel, having earlier spiked to $63.84 a barrel, their highest since May 1. The killings marked an escalation in the regional “shadow war” between Iran and the United States and sparked Iranian calls for revenge and preparation for further conflict in Iraq.
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