Brent jumps almost $3 after U.S. air strike on Baghdad airport - Reuters

Brent jumps almost $3 after U.S. air strike on Baghdad airport - Reuters:

Brent crude futures jumped nearly $3 on Friday after a U.S. air strike in Baghdad killed top Iranian and Iraqi military commanders, sparking concerns of disruption to Middle East oil supplies.

Brent crude futures LCOc1 hit an intraday high of $69.16 a barrel, their highest since Sept. 17, before easing to $68.42, up $2.17 or 3.28% by 0806 GMT.

West Texas Intermediate (WTI) crude futures CLc1 were up $1.85 or 3.04% at $63.03 a barrel, having earlier spiked to $63.84 a barrel, their highest since May 1. 


“The supply side risks remain elevated in the Middle East and we could see tensions continue to elevate between the U.S. and Iran-backed militia in Iraq,” said Edward Moya, analyst at brokerage OANDA, in an e-mail to Reuters.