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| In this file photo taken on Oct. 13, 2003, flames rise from a Total Elf Fina offshore oil rig off the Angolan coast. World oil prices jumped on Jan. 3, 2020, after the US killed a top Iranian general, fanning fresh fears of conflict in the crude-rich Middle East, with Tehran warning of 'severe' retaliation. AFP |
Oil prices spiked Wednesday morning, rising over 4.5 percent at one point after Iran fired a barrage of ballistic missiles against two airbases in Iraq used by US and coalition forces.
The benchmark WTI jumped as much as 4.53 percent to $65.54 a barrel before settling down slightly after Iran unleashed its first response to the US assassination of military commander Qasem Soleimani. (Reuters)
