Oil rises as the US destroys Iranian drone in Strait of Hormuz
Oil is still, however, set for a weekly decline, with the IEA reducing its 2019 oil demand growth forecast
19 July 2019 - 14:27
London — Oil prices rose on Friday as tensions spiked again in the Middle East after the US said it had destroyed an Iranian drone in the Strait of Hormuz, a major choke point for global crude flows.
Benchmark crude prices were still on track for their biggest weekly decline in seven weeks, however, having fallen sharply earlier in the week on concerns over global oil demand amid slowing economic growth...
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