Global  

Oil Tanker Attack Leads To Price Surge

Video Credit: Wochit - Duration: 00:36s - Published
Oil Tanker Attack Leads To Price Surge

Oil Tanker Attack Leads To Price Surge

According to Reuters, oil prices are surging after hitting a five-month low.

But gains made for crude oil futures were attributed to rising tension along the waterways in the Middle East.

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

The rising price for crude oil futures also gave a boost to publicly traded energy companies, including Exxon Mobil and Chevron, which rose over 1-percent each.

Gains made by oil and energy stocks also propped up the S&P 500's energy index, which added 1.2-percent on the day.


You Might Like

Related news from verified sources

The Oil Price Risk Analysts Are Ignoring

Oil prices have given up some of the gains from last week’s oil tanker attack in the Gulf of Oman,...
OilPrice.com - Published

Markets Right Now: Stocks up as oil jumps on tanker attack

NEW YORK (AP) — The latest on developments in financial markets (all times local): 9:35 a.m. Stocks...
Seattle Times - Published

Tanker Attacks Could Have A Lasting Effect On Oil Prices

The second apparent attack on oil tankers in the Middle East in a month rekindled tensions in the...
OilPrice.com - Published


Tweets about this


Related videos from verified sources

Oil tanker attack leads to price surge [Video]

Oil tanker attack leads to price surge

According to Reuters, oil prices are surging after hitting a five-month low.

Credit: Rumble     Duration: 00:36Published
Oil prices surge after reports of tanker attack [Video]

Oil prices surge after reports of tanker attack

According to Markets Insider, the price of oil is surging after two tankers were attacked in the Gulf of Oman.

Credit: Rumble     Duration: 00:38Published
Oil Tanker Attack Boosts Oil Prices [Video]

Oil Tanker Attack Boosts Oil Prices

According to Reuters, oil prices are up more than 2-percent after two oil tankers were attacked in the Gulf of Oman. On June 13th, crude oil futures spiked by more than 4-percent, before settling down..

Credit: Wochit     Duration: 00:39Published