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Oil prices spike over 4.5% after Iran attacks

by Staff Writers Tokyo (AFP) Jan 8, 2020 AFP
Oil prices spiked Wednesday morning, rising over 4.5 percent at one point after Iran fired a barrage of ballistic missiles against two airbases in Iraq used by US and coalition forces.

The benchmark WTI jumped as much as 4.53 percent to $65.54 a barrel before settling down slightly after Iran unleashed its first response to the US assassination of military commander Qasem Soleimani.

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