Published on 7/01/2020 4:07: | Source: ANI

Oil, gold prices climb higher as Middle East tensions flare

Posted in Business Videos| #Business

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New Delhi :

Oil and gold prices continued surging on Monday as escalating tensions in the Middle East fanned worries about disruption to global oil supplies, sending investors scurrying to safer investments. Brent crude oil soared past 70 dollars a barrel, rising by more than 2 per cent on Monday, while West Texas Intermediate crude rose by 1.8 per cent to 64.21 dollars. Al Jazeera said oil prices had jumped by more than 4 per cent on Friday after the United States killed Iran's Quds Force leader Qassem Soleimani in an air attack near Baghdad airport.