West Texas Intermediate and Brent crude headed for the first weekly gain in a month after a Malaysian Air passenger jet was shot down in Ukraine and Israel sent ground forces into the Gaza Strip a Global Business Reports says quoting Bloomberg.
WTI futures rose as much as 0.7 percent in New York, extending a 2 percent increase yesterday, the most since June 12.
The Boeing Co. 777 crashed en route to Kuala Lumpur from Amsterdam in the main battleground of Ukraine’s civil war, threatening to escalate tensions in Europe’s worst geopolitical crisis since the end of the Cold War. (KH)
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