Oil prices jumped at least 3% as traders feared Middle-Eastern tensions could reduce crude supplies.
The price of oil surged on Thursday after a suspected torpedo attack on two tankers in the Gulf of Oman. West Texas Intermediate crude jumped 3%, while Brent crude jumped 3.8%. Oil was previously trading at five-month lows, reflecting a glut of US crude and concerns that the US-China trade war could weaken global economic growth and temper demand for oil. Watch oil trade live. The price of oil surged on Thursday after a suspected attack on two tankers in the Gulf of Oman.
The price of oil surged on Thursday after a suspected torpedo attack on two tankers in the Gulf of Oman. West Texas Intermediate crude jumped 3%, while Brent crude jumped 3.8%. Oil was previously trading at five-month lows, reflecting a glut of US crude and concerns that the US-China trade war could weaken global economic growth and temper demand for oil. Watch oil trade live. The price of oil surged on Thursday after a suspected attack on two tankers in the Gulf of Oman.
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Oil surges after report of tanker incident in Gulf of Oman near IranOil prices surged on Thursday after a unit of the United Kingdom's Royal Na...
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Two oil tankers struck in suspected attacks in Gulf of OmanUS Navy says it is assisting two oil tankers targeted in a 'reported attack' in Gulf of Oman. An Oil tanker owned by Norway's Frontline struck by a torpedo off the coast of Fujairah in the UAE, shipping newspaper Tradewinds cites unnamed sources.
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