Oil jumps over 5% after Trump says U.S. to keep up attacks on Iran
Oil prices climbed more than $5 on Thursday, as President Donald Trump said the United States would keep up attacks on Iran without committing to a specific timeline to end the war, fanning investor fears about sustained disruptions to supply.
Brent crude futures rose $6.33, or 6.3%, to $107.49 per barrel by 0407 GMT. U.S. West Texas Intermediate crude futures were up $5.28, or 5.3%, to $105.40 per barrel.
The gains followed an earlier fall of more than $1 in both benchmarks prior to Trump's televised speech to the nation, after having settled lower in the previous session.
'We are going to finish the job, and we're going to finish it very fast. We're getting very close,' Trump said, adding that the U.S. military had nearly achieved its goals in the conflict which would end in two to three weeks, but giving no specifics.
Reuters
Oil prices climbed more than $5 on Thursday, as President Donald Trump said the United States would keep up attacks on Iran without committing to a specific timeline to end the war, fanning investor fears about sustained disruptions to supply.
Brent crude futures rose $6.33, or 6.3%, to $107.49 per barrel by 0407 GMT. U.S. West Texas Intermediate crude futures were up $5.28, or 5.3%, to $105.40 per barrel.
The gains followed an earlier fall of more than $1 in both benchmarks prior to Trump's televised speech to the nation, after having settled lower in the previous session.
'We are going to finish the job, and we're going to finish it very fast. We're getting very close,' Trump said, adding that the U.S. military had nearly achieved its goals in the conflict which would end in two to three weeks, but giving no specifics.
Reuters
Oil prices climbed more than $5 on Thursday, as President Donald Trump said the United States would keep up attacks on Iran without committing to a specific timeline to end the war, fanning investor fears about sustained disruptions to supply.
Brent crude futures rose $6.33, or 6.3%, to $107.49 per barrel by 0407 GMT. U.S. West Texas Intermediate crude futures were up $5.28, or 5.3%, to $105.40 per barrel.
The gains followed an earlier fall of more than $1 in both benchmarks prior to Trump's televised speech to the nation, after having settled lower in the previous session.
'We are going to finish the job, and we're going to finish it very fast. We're getting very close,' Trump said, adding that the U.S. military had nearly achieved its goals in the conflict which would end in two to three weeks, but giving no specifics.
Reuters
comments
Oil jumps over 5% after Trump says U.S. to keep up attacks on Iran
comments