Oil futures rise after US strikes Iran nuclear sites
Fears of a disruption to global oil supply drove up New York benchmark WTI crude oil futures more than 4 percent on Sunday to the mid 78 dollars a barrel range. That's the highest in about five months.
The trend continued in Tokyo on Monday with traders buying Dubai crude futures for November delivery. The contract rose more than 3 percent to 66,390 yen, or about 456 dollars a kiloliter.
In currency markets, the Japanese yen weakened to the 146 level against the dollar.
Analysts say investors are moving into safe-haven assets, such as the dollar, as they assess how the escalation in the conflict will affect the global economy.
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