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Oil is surging after a suspected torpedo attack on 2 tankers in the Gulf of Oman

Business Insider Thursday, 13 June 2019 ()
Oil is surging after a suspected torpedo attack on 2 tankers in the Gulf of Oman· *The price of oil surged on Thursday after a suspected torpedo attack on two tankers in the Gulf of Oman.*
· *West Texas Intermediate crude jumped 3%, while Brent crude jumped 3.8%.*
· *Oil was previously trading at five-month lows, reflecting a glut of US crude and concerns that the US-China trade war could weaken global...
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News video: Markets: telcos turn Europe's shares around; oil surges on suspected tanker attack

Markets: telcos turn Europe's shares around; oil surges on suspected tanker attack 01:36

A surge in telcos on Germany&apos;s completion of its 5G mobile spectrum auction pulled European shares higher on Thursday, overturning a weak opening. And, as David Pollard reports, oil prices surged on reports of an attack on tankers in the Gulf of Oman, near Iran.

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