Archive · Business Recorder
Oil jumps 4pc
NEW YORK: Oil prices jumped on Thursday and settled up more than USD4 a barrel, after a report said the US was sending more troops and carriers to the Middle East and China suspended oil products exports, stoking fears that global fuel shortages could worsen. The new front-month December Brent crude futures contract settled at USD102.31 a barrel, up 4.37 percent or USD4.28. US West Texas Intermediate crude futures finished at USD92.87 a barrel, up 2.71 percent, or USD2.45. A Wall Street Journal report said the US was sending a third aircraft carrier and up to 10,000 more troops to the Middle E...
ZAZTEK archives the headline, summary and publication date so the story stays findable. The full article remains the publisher's. Read it at Business Recorder →