Oil Prices Surge on Unconfirmed Reports of Explosions in Iran, Syria, and Iraq: WTI and Brent Jump Over 3%

1 reading

Oil prices recorded an increase of more than 3% on fears in the Middle East after unconfirmed rumors of an explosion in Iran, Syria and Iraq, fueling new fears about the crisis in the Middle East: in Asian trade, West jumped Texas Intermediate (WTI) by 3.66% to 85.76 dollars, and Brent rose 3.44% to 90.11 dollars.

The Tokyo Stock Exchange begins the last session of the week with a negative sign, weighed down by the continued correction of US share prices in the technology sector. At the open, the benchmark Nikkei index fell 0.97% to 37,711.59, a decline of 368 points. In terms of currency, the yen recovers and continues its weakening rate against the dollar, to 154.50, and against the euro to 164.50.

Hong Kong returns to trade in negative territory: the Hang Seng index falls 0.85%, to 16,246.34 points. Chinese markets also open with a smaller sign: the Shanzghai Composite index first loses 0.45%, to 3,060.30 points, while the Shenzhen index loses 0.59%, to 1,688.93.

See on ilsole24ore.com