Abb Takk News

Crude Oil Prices Witnessed continuously Rise

LONDON: Oil and gold jumped on Monday ahead of President Trump’s reveal of “major” sanctions on Iran, as traders parked their cash in commodities and cryptocurrencies in the face of rising geopolitical tensions.

According to a foreign agency, the crude oil jumped by 13 cents per barrel in the international market that pushed the prices to $ 65.33 on Monday.

The prices of the US crude oil increased by 51 cents and it reached $ 57.94 for the future trade.

As per the oil traders and market experts, the tension between US and Iran soar after the shooting down US drone by Iran and increase in prices part of the tension.