Oil Prices Extend Gains on Fears of Escalating Tensions in Mideast

Oil prices extend gains on fears of escalating tensions in Mideast

TOKYO, Feb 4 : Oil prices rose on Wednesday, extending the previous day's gains, after the U.S. shot down an Iranian drone and armed Iranian boats approached a U.S.-flagged vessel in the Strait of Hormuz, rekindling fears of an escalation in tension between Washington and Tehran.Brent crude futures were up 65

Oil prices climb 2% after US shoots down Iranian drone, worries about armed boats

Oil prices climbed about 2 per cent on Tuesday after the US shot down an Iranian drone approaching a US aircraft carrier and armed boats approached a US-flagged vessel in the Strait of Horm...