Oil prices rise by more than $1 a barrel on potential Iran supply disruption
NEW YORK/LONDON, Jan 13 (Reuters) – Oil prices surged by more than 2% on Tuesday as the prospect of disruptions to Iranian crude exports overshadowed possible increased supply from Venezuela.
Brent futures jumped by $1.60, or 2.5%, to settle at $65.47. U.S. West Texas Intermediate crude settled at $61.15 a barrel, climbing $1.65, or about 2.8%.
