Oil prices up on downed Russian jet
Turkey Ankara confirmed on Tuesday that the Turkish military had shot down a warplane that it said had violated Turkish airspace near the border, while Russian officials separately said a Russian plane had been downed in the area.
By 1240 GMT, West Texas Intermediate crude had risen 75 cents from Monday’s closing price to reach $42.50, while Brent futures for January rose more than $1 to reach $45.85 per barrel.
Officials in Moscow have not yet confirmed whether the jet was part of Russia’s air force.
The oil price was also boosted by a weaker dollar and a risk premium ahead of the US Thanksgiving long weekend.
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