Oil prices jump after Iran military leader killed in US strike

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Oil prices jump after Iran military leader killed in US strike
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Oil prices pulled higher Friday morning after a top Iranian general was killed in a US airstrike at Baghdad's airport ordered by President Donald Trump.

Futures for Brent crude, a global benchmark, jumped 2.9% to $68.16 per barrel during Asian trading hours on Friday. US oil futures gained 2.8%, reaching $62.86 per barrel. That puts both on pace right now for their biggest daily gains in about a month, according to Refinitiv data.The Pentagon confirmed in a statement that the US military killed Qasem Soleimani, the commander of Iran's Islamic Revolutionary Guards Corps Quds Force unit, in the attack at Baghdad International Airport.

Read MoreOil prices spiked more than 14% last September in the wake of a devastating attack on the heart of Saudi Arabian oil production, disrupting 5% of the daily global oil supply. But prices pulled back quickly in the following days after Saudi officials said the kingdom would rely on reserves to keep exports stable.Elsewhere on Friday, major Asian stock indexes all reversed earlier gains and traded lower following the news.Hong Kong's Hang Seng Index briefly advanced 1.

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