Oil at Three-Year High After Trump’s Russia Tweets

President's missile tweet raised tensions with Russia, Iran

Image Credits: Roy Luck, Flickr.

Oil prices hit new 2018 highs as rebels in Yemen launched new missile strikes on top crude exporter Saudi Arabia and as the market continued to worry about escalating conflict between the United States and Russia in Syria.

Brent crude prices were at $72.46 a barrel, up $1.42, or 2 percent from Tuesday’s closing price, the highest level since Dec. 2, 2014, when it hit $73.03.

U.S. West Texas Intermediate crude was up $1.49, or 2.3 percent, to $67, after touching a session high going back to Dec. 4, 2014, when it touched $68.22.

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