Crude oil futures climb 1.5 pc after Iran strikes US bases in Iraq

Crude oil prices on Wednesday rose 1.49 per cent to Rs 4,561 per barrel as speculators raise their bets following further escalation of tensions in the middle-east after Iran attacked US bases in Iraq, raising concerns about disruption in oil supplies.

On the Multi Commodity Exchange, crude oil for delivery in January traded higher by Rs 67, or 1.49 per cent, to Rs 4,561 per barrel in 66,839 lots.

Crude oil for February delivery was up…

View entirety: Economic Times