A convoy of US military vehicles, arriving from northern Iraq, drives past an oil pump jack in the countryside of Syria's northeastern city of Qamishli on October 26, 2019. Photo: AFP

Oil prices jump after escalation in Middle East crisis reignites global concern that supply of crude oil would be disrupted

  • Futures in London briefly surged more than 5 per cent to almost US$72 a barrel
  • Brent crude rose as much as US$3.48 to US$71.75 a barrel before trading up 1.4 per cent at US$69.20 on the ICE Futures Europe exchange as of 11:24am in Singapore
Topic |   Energy

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A convoy of US military vehicles, arriving from northern Iraq, drives past an oil pump jack in the countryside of Syria's northeastern city of Qamishli on October 26, 2019. Photo: AFP
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