Oil Extends Jump as US Pulls Some Embassy Staff From Middle East
Oil edged lower — after jumping more than 4% on Wednesday — as traders tracked tensions in the Middle East and the latest moves in US trade policy.
Brent fell toward $69 a barrel after rising the most since October in the previous session, while West Texas Intermediate was near $68. Crude shot higher after Iran threatened to strike US bases in the region if talks over its nuclear program fell through. The US ordered some staff to depart the embassy in Iraq, and allowed military service members’ families to leave the Middle East.