US West Texas Intermediate (WTI) crude futures rose $1.76, or 2.9 percent, to $62.94 a barrel. Earlier, it touched $63.84 a barrel, its highest since May 1.
Gold prices on Tuesday jumped 191 rupees to 39,239 rupees per 10 gram in the national capital following rally in global prices. Silver also zoomed 943 rupees to 47,146 rupees per kg. In the international market, gold prices traded with gains at 1,491 US dollars per ounce and silver at 17 dollars and 60 cents per ounce.
Oil prices surge after reports of US killing top Iranian General
Oil prices jumped more than 4 percent on Friday. Brent crude futures were up by nearly $3 at $69.16 per barrel, the highest since September 1
Oil prices today soared more than two per cent following news that the US had killed a top Iranian General, fanning fresh fears of a conflict in the crude-rich region.
The head of Iran’s Quds Force, Qasem Soleimani, was hit in an attack on Baghdad’s international airport early today, according to Hased, a powerful Iraqi paramilitary force linked to Tehran.
Later, Donald Trump tweeted a picture of the American flag, and the Pentagon said he had ordered Soleimani’s killing.
Brent surged around 2.2 per cent, in intra-day trade, to 68 US dollars and 40 cents as investors grow increasingly worried about the effects of a possible flare-up in tensions in West Asia on supplies of the commodity.
Oil prices moved higher Friday after the US airstrike that killed Iranian general Qasem Soleimani. Futures for Brent crude, a global benchmark, jumped 4.3% to $69.08 per barrel on Friday. US oil futures gained 4.1%, reaching $63.69 per barrel.