Oil tops $70 as Iran, Trump trade threats
Oil tops $70 as Iran, Trump trade threats
Oil prices rose over 1% on Monday, pushing Brent above $70 a barrel, as rhetoric from the United States, Iran and Iraq fanned tensions in the Middle East after a U.S. air strike which killed a top Iranian military commander.
Brent crude futures LCOc1 soared to a high of $70.74 a barrel and was at $69.55 at 1150 GMT, up 95 cents, or 1.38%, from Friday’s settlement.
U.S. West Texas Intermediate CLc1 crude was at $63.77 a barrel, up...