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Oil prices jump over US Navy attack on Iranian drone
July 19, 2019
Source: Reuters

Oil prices jump over US Navy attack on Iranian drone

With tensions brewing in the Middle East after a U.S. Navy ship destroyed an Iranian drone, oil prices jumped in the international market on Friday. Brent crude LCOc1 futures rose 1.3%, to $62.74 a barrel. US West Texas Intermediate crude CLc1 futures climbed 1.1%, to $55.89 per barrel. Washington yesterday said that an Iranian drone in the Strait of Hormuz threatening a U.S. Navy ship was “destroyed”.

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