Oil prices climb amid fall in US stockpiles, Middle East worries
Updated : June 26, 2019 08:10 AM IST
Front-month Brent crude futures, the international benchmark for oil prices, were up 1.4 percent at $65.97 by 0006 GMT. They earlier touched their highest since May 31 at $66.00 a barrel.
US West Texas Intermediate (WTI) crude futures were at $58.97 per barrel, up 2 percent from their last settlement. WTI earlier hit its strongest level since May 30 at $59.03 a barrel.
US President Donald Trump threatened on Tuesday to obliterate parts of Iran if it attacked "anything American," in a new war of words with Iran, which condemned fresh US sanctions on Tehran as "mentally retarded".
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