Crude oil futures topped $70 per barrel in early trading Monday amid rising tensions in Iraq and Iran following the killing of a top Iranian military commander in Baghdad. Benchmark Brent crude futures reached $70.72 early in Monday's session, up 1.28 percent, before falling back below the $70 mark to $69.49. West Texas Intermediate crude for February delivery was up 1.21 percent to $69.26 per barrel, a 58-cent increase since Friday and its highest level since April. The crude oil price … [Read more...]
Crude oil prices top $70 per barrel as Middle East tensions escalate
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