Oil prices have surged over concerns that Iran’s response to the U.S. airstrike could disrupt oil transportation or production.
television and officials initially reported. He is a key figure in Iranian politics and has been blamed by the U.S. for this week's attack of the U.S. embassy in Baghdad.
"This market is extremely complacent. It never takes into account just how tight the market it ... the general view in the market has been 'oh the world is awash in oil' however incorrect it is, and unless an actual outage lasts, I'm not sure we're going to sustain this rally just yet," she added. Soleimani's body was identified by the ring he wore, according to AP, which cited an Iraqi senior politician.
Brent gained 5.7% in December and 8.59% for the quarter. It also had its best year since 2016, gaining 22.68%.
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