Oil Rally Vanishes on Escalating Tensions With Iran
January 08, 2020 at 11:28 AM EST
Crude oil was trading at $62.70 per barrel on Wednesday morning trading as tensions in the Middle East ramped up. Tensions have escalated since the death of Iranian Maj. Gen. Qassem Soleimani late last Thursday. Over the weekend, Iran stated that it would relinquish its commitment to the 2015...