Amid escalating US-Iran geopolitical tensions after the US launched a missile attack on Baghdad airport and killed Iranian Major-General Qassem Soleimani, head of the elite Quds Force, and Iraqi militia commander Abu Mahdi al-Muhandis on Thursday.
MId-East tensions threaten oil supplies and therefore boost the sentiment around the black gold. WTI is at fresh four-month highs above $ 63, looking to test post-Saudi oilfields attacks driven highs at $ 63.38.