Oil markets have reacted swiftly to the latest escalation in Middle East tensions. At the time of writing, WTI crude prices have surged more than 5% to $70.50/bbl, marking the highest level since mid-June. Brent prices have moved up by a similar amount and are currently sitting at over $77/bbl. The Brent-WTI spread has been […]The post Escalating Middle East Tensions Jolt Oil Markets appeared first on ActionForex.