Oil prices up 2.5%, after brief 4% surge in early Asian trade

Oil prices surge in early trade, in the wake of US strikes on Iranian nuclear sites on Sunday.

Brent and the main US crude contract WTI, both jumped more than four percent to hit their highest price since January.

They then pare gains, however, with Brent up 2.4% at $78.83 per barrel and WTI up 2.5% at $75.66.

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