Oil prices surge 4 percent on news of Soleimani killing

Two major oil price

Two major oil price benchmarks jumped in the early hours of Friday after news broke that Iran’s second most powerful public figure, Quds Force commander Qassem Soleimani, had been killed in a US airstrike in Baghdad.

Both WTI and Brent jumped by over four percent on the news to $63.80 and $69.19 per barrel respectively.

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