Oil is surging after a suspected torpedo attack on 2 tankers in the Gulf of Oman
Thursday, 13 June 2019 · *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...
A surge in telcos on Germany's completion of its 5G mobile spectrum auction pulled European shares higher on Thursday, overturning a weak opening. And, as David Pollard reports, oil prices surged on reports of an attack on tankers in the Gulf of Oman, near Iran.