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Oil prices jump after U.S. launches missile strike in Syria

Reuters logo Reuters 4/7/2017 By Henning Gloystein
 © REUTERS/David M. Parrott/File Photo  

Oil prices soared on Friday after the United States launched dozens of cruise missiles at an airbase in Syria.

A U.S. official said more than 50 Tomahawk cruise missiles were fired from U.S. Navy destroyers in the eastern Mediterranean against several targets on a base in Homs. The operation appeared to have already been completed, a second official said.

After tepid trading before the news, Brent crude futures (LCOc1), the international benchmark for oil, jumped to $55.60 per barrel by 0146 GMT, up 72 cents, or 1.3 percent from their last close.

U.S. West Texas Intermediate (WTI) crude futures (CLc1) climbed 70 cents, or 1.4 percent to $52.40 a barrel.

(Reporting by Henning Gloystein; Editing by Joseph Radford and Kenneth Maxwell)


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