Oil jumps to 3-year high on airstrikes, Trump missile warning

Oil hit its highest level in more than three years Wednesday after Saudi Arabia said it intercepted missiles over Riyadh and international tensions about Syria grew.

Both U.S. crude and global benchmark Brent traded at the highest levels since 2014 as concerns about airstrikes drove the market higher.

Geopolitical concerns overshadowed global crude inventories as the markets' main driver.

"A bearish inventory report was quickly negated on word of intercepted rockets over Riyadh, which just adds to the recent spike in geopolitical tensions," said Anthony Headrick, energy market analyst and commodities futures broker at CHS Hedging LLC.

https://www.msn.com/en-us/money/markets/oil-jumps-to-3-year-high-on-airstrikes-trump-missile-warning/ar-AAvKnfU?li=BBnbfcN