Oil jumps 3% on fears of military conflict in the Middle East
Also supporting oil is a drop in US crude inventories and the Opec+ supply cuts, as US says its drone was shot down by Iranian missile
20 June 2019 - 12:00
London — Oil jumped more than 3% to above $63 a barrel on Thursday after Iran shot down a US military drone, raising fears of a military confrontation between Tehran and Washington.
Also supporting oil were expectations that the US Federal Reserve could cut interest rates at its next meeting, stimulating growth in the world’s largest oil-consuming country, and a drop in US crude inventories...
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