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Oil Prices Rise After Tanker Attack

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Oil Prices Rise After Tanker Attack

Oil Prices Rise After Tanker Attack

According to CNN, crude oil futures are trading up after hitting five-month lows due to tensions in the Middle East.

On June 13th, oil prices rose over 4-percent after reports revealed that two oil tankers were attacked in the Gulf of Omen.

Brent crude futures led gains on the day, spiking by 4.4-percent, bringing the price per barrel to $62.59.

West Texas Intermediate crude futures rose 4.1-percent, bringing the price for a barrel to $53.24.

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Oil Prices Rise After Tanker Attack

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