Oil prices shoot to 2019 highs on Iran crackdown 0 SHARES Share it! Share TweetBy Agence France-PresseWorld oil prices struck fresh 2019 peaks on Tuesday, boosting energy shares prices. Crude futures extended Monday’s sharp rally, which was triggered by a US crackdown on Iranian oil exports. Stephen Innes, head of trading and market strategy at SPI Asset Management, said rising crude prices meant $80 per barrel was now a “possibility”. Energy and oil-linked shares jumped on Tuesday, with Tokyo-listed crude developer Inpex rallying 2.8 percent and oil refiner JXTG up 1.1 percent.

Source: Manila Bulletin April 23, 2019 11:15 UTC