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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