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Oil Surges Amid Escalating Middle East TensionsSingapore, 16 Jun (ONA) — Oil prices today jumped in early Asian trade amid escalating tensions in the Middle East.
Brent crude futures rose $1.70, or 2.3%, to $75.93 a barrel.
US West Texas Intermediate crude climbed $1.62, or 2.2%, to $74.60. They surged more than $4 earlier in the session.
Both benchmarks settled 7% higher on Friday, having surged more than 13% during the session to their highest levels since January.— Ends/Khalid
