Oil prices spike after Israel strikes Iran ...News

Russia Today - Economy
Oil prices spike after Israel strikes Iran
source : Russia Today ( News ) () 46
Escalation of conflict in the Middle East will send energy prices skyrocketing, analysts have warned Global prices for crude oil jumped by as much as 3.5% shortly after Israel carried out a series of strikes on Iran in the early hours of Friday. Both oil benchmarks soared over $3 a barrel in early trading before retreating. By 12:00 GMT, Brent crude oil futures for June delivery were down $0.50 at $86.63 per barrel. The May contract for US West Texas Intermediate (WTI) dropped $0.43, or 0.52%, to $82.30 per barrel. Israel launched an attack on Iranian territory in the early morning hours. The barrage was confirmed

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