Oil jumps 2%, settles at 6-month highs on fears of escalation in Iran

Korea Times News · 47m ago

Oil prices jumped more than 2 percent on Friday and settled at their highest levels since the end of April, as traders braced for a potential escalation in the Iran war after the U.S. midterm elections, with an attack on a tanker in the Strait of Hormuz highlighting supply risks. Brent crude futures for December, which expired on Friday, settled up $2.76, or 2.4 percent, at $117.64 a barrel,…

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Oil jumps 2%, settles at 6-month highs on fears of escalation in Iran

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