Oil Prices Have Jumped 12% Since Friday as War Risks Return
OilPrice.com
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Oil prices extended Monday’s surge into Asian trade on Tuesday, with Brent Crude prices hitting a one-month high, as the renewed war risk premium crashed the calmer trade of the past weeks amid renewed U. S. -Iran hostilities and the reinstated U. S. blockade of Iranian oil exports.
Oil prices are now 12% higher than they were on Friday.
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Original source: OilPrice.com