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Oil prices surged 4% in early trading on Tuesday night following rocket attacks on Western Iraq’s airbase Al Asad.
U.S. West Texas Intermediate crude futures surged 4%, or $2.51, to $65.21, its highest level since April. At the session high it rose to $65.48.
International benchmark Brent crude was unchanged at $68.27.
Multiple projectiles hit the airbase but it was not clear whether it was rockets or missiles yet.
Tuesday’s attack comes as tensions between the United States and Iran have been building, following Thursday’s airstrike that killed Iran’s top commander Qasem Soleimani.
This article was originally published by Cnbc.com. Read the original article here.