U.S. Central Command said Monday that the Abraham Lincoln Carrier Strike Group had arrived in the Middle East.

U.S. futures and Asian shares skidded Monday and oil prices fell more than $2 a barrel. In South Korea, the Kospi tumbled 4.6% to 4,982.54 as worries revived over a potential bubble in the craze for artificial intelligence.

By Robert Harvey LONDON, Jan 29 (Reuters) - Brent oil futures prices jumped on Thursday, hitting a four-month high on rising concerns about a possible U.S. military attack on Iran, OPEC's fourth-largest producer with output of 3.

The Trump administration says it has completed the first sale of Venezuelan oil to the U.S. Will it mean lower prices at the pump?

Crude oil markets continue to see buyers, as we are trying to price in geopolitical concerns, with a strike against Iran being possible. Because of this, the supply and demand situation is being ignored at the moment.

Oil prices rallied Thursday, with the global benchmark finishing at its highest level since July, as tensions between the U.S. and Iran worsened — raising concerns over disruptions to the global flow of crude.

By Shadia Nasralla LONDON, Jan 28 (Reuters) - Oil prices hit their highest since late September on Wednesday after a winter storm disrupted U.S. crude output while a weak U.S. dollar and continued Kazakh outages lent further support.

Oil prices slid as investors dial back fears of a supply shock after Donald Trump said Iran was "seriously talking" with Washington over the weekend.