Oil prices jumps 2% after Iranian oil tanker explosion raises supply concerns

October 11, 2019 admin Business News Comments Off on Oil prices jumps 2% after Iranian oil tanker explosion raises supply concerns

Oil prices jumped by 2% on Friday after Iranian news agencies said a state-owned oil tanker was struck by two missiles in the Red Sea near Saudi Arabia, raising the prospect of supply disruptions from a crucial producing region.

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Source:: Reuters – Business News