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Oil Prices Rise After Attacks on Two Oil Tanker Ships


Friday, 14 June 2019 13:27 WIB

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Oil prices rose on Friday in Asia after two oil tanker ships off the coast of Iran were attacked.

It wasn't clear who was responsible for the latest hit. U.S. Secretary of State Mike Pompeo accused Iran of carrying out the attacks, calling the Islamic Republic "a threat to international peace and stability". An Iranian official was quoted saying by BBC that Tehran had "nothing to do" with the attacks.

U.S. Crude Oil WTI Futures were up 0.4% to $52.47 by 12:40 AM ET (04:40 GMT). International Brent Oil Futures gained 0.7% to $61.72.

Oil prices were under pressure earlier this week after weekly data showed another big jump in U.S. crude stockpiles. Ongoing demand fears amid Sino-U.S. trade tension were also cited as a headwind.

Source : Investing.com


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