Oil extends gains on rising Mideast tensions

Oil prices added to recent gains on Monday, with Brent nearly at $70 a barrel as escalating tensions in the Middle East fanned worries about disruptions to supplies. Brent crude futures rose to a high of $69.95 a barrel and were at $69.65 a barrel at 0016 GMT, up $1.05, or 1.5%, from Friday’s settlement. Oil prices jumped more than 3% on Friday after the United States killed a top Iranian commander in an air strike on Baghdad airport. …read more

Source:: Yahoo Finance

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