Copper miners down as red metal falls on oil surge, strong US dollar

U.S.-listed shares of copper miners fall premarket, tracking lower prices of the red metal MET/L

Benchmark three-month copper CMCU3 on the London Metal Exchange down 1.8% at $12,168 a ton, after dropping as much as 2.92% to $12,034/ton, the lowest since December 24

Copper prices fall to their lowest level in three months, as oil spikes following Iranian attacks in the Middle East, stoking inflation fears and stronger U.S. dollar amid weakening rate-cut expectations

Global mining giants Rio Tinto RIO.N falls 3.7% and BHP Group BHP.N down 2.8%

Copper miners Southern Copper SCCO.N and Freeport-McMoRan FCX.N down 4.6% and 3.6%, respectively

Canada's Hudbay Minerals HBM.TO, HBM.N slides 3.9%, Ero Copper ERO.TO, ERO.N down 2% and Teck Resources TECKb.TO, TECK.N falls 7.3%