(Central News Agency Houston, 23rd, composite foreign dispatch) Following reports that Iran's air defense systems are responding to targets over the capital Tehran, and news of a power struggle between Iranian hardliners and moderates, crude oil futures prices surged by $5 a barrel at one point today, but the gains subsequently narrowed.
Reuters reports that Brent crude futures rose $3.16, or 3.1%, to settle at $105.07 a barrel.
West Texas Intermediate (WTI) crude futures rose $2.89, or 3.11%, to settle at $95.85 a barrel. (Translated by: Yang Zhaoyan)
FACT BOX
- Source: CNA (Central News Agency)
- Category: Taiwan