Oil Soars Again After Trump threatens Iraq sanctions (Market Trading)

January 6, 2020•84 words

#oil

Oil prices rose in Monday morning after US President Donald Trump issued a threat to impose sanctions on Iraq amid escalating tensions with Iran in the Middle East. Brent crude oil jumped over 6 percent to $70.30 a barrel. Also, US West Texas Intermediate (WTI) crude futures increased by 5.3 percent to $64.39 a barrel. The gains extended Friday's more-than-3 percent surge after a US air strike in Iraq killed top Iranian commander Qassem Soleimani.

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Oil Soars Again After Trump threatens Iraq sanctions (Market Trading)

More from Anthony KennedyAll posts

Oil Jumps on US-Iran Tensions (Market Trading)

European Stocks End Lower on US-Iran Tensions (Market Trading)

More from Anthony Kennedy
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