Crude Oil Prices Jump By 4.5 Percent

Crude Oil Prices Jump By 4.5 Percent

Jan. 8, 2020, 7:37 a.m.

Oil prices have jumped after at least two airbases hosting US troops in Iraq were attacked.

Crude oil jumped by as much as 4.5% to $65.65 in Asian morning trade on concerns that this could disrupt oil supplies from the Middle East.

So-called safe haven assets, like gold and the Japanese yen, also rose sharply on the news.

At the same time global stock prices were sent lower on concerns over the growing conflict in the Middle East.

Japan's benchmark Nikkei 225 stock index fell by more than 2.5%.

Credit: BBC

More on International

The Latest

Latest Magazine

VOL. 14 No. 13, February 26, 2021 (Falgun 14, 2077) Publisher: Keshab Prasad Poudel Online Register Number: DOI 584/074-75

VOL. 14 No. 12, February 12, 2021 ( Magh 30, 2077) Publisher: Keshab Prasad Poudel Online Register Number: DOI 584/074-75

VOL. 14 No. 11, January29, 2021 ( Magh 16, 2077) Publisher: Keshab Prasad Poudel Online Register Number: DOI 584/074-75

VOL. 14 No. 10, January 08, 2021 ( Paush 24, 2077) Publisher: Keshab Prasad Poudel Online Register Number: DOI 584/074-75