Deadly attack by US on Iranian general rattles energy market Crude prices are having their biggest one-day spike since a September attack on the world's largest oil processing facility in Saudi ArabiaLONDON -- Crude prices on Friday had the largest one-day spike since a September attack on the world's largest oil processing facility in Saudi Arabia after the U.S. killed Iran's top general in a drone strike. The international benchmark for crude oil at one point jumped almost 4% per barrel in London. U.S. crude prices increased about the same. The strike briefly took out about half of the supplies from the world's largest oil exporter. In the longer term, the rise in crude oil prices could be limited by the fact that the energy market is flush with oil while demand has softened as major economies have slowed.

Source: ABC News January 03, 2020 10:55 UTC