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, after touching a high of $118. The more active January contract gained $2.63 to $113.43. U.S. West Texas Intermediate (WTI) crude futures settled $2.12, or 2.08 percent, higher at $104.12. For the month, Brent finished 13.6 percent higher, while WTI rose 15.2 percent. “Traders will remain focused on oil flows out of the Middle East and the likely escalation by U.S. and allied forces,” said Dennis Kissler, senior vice president of trading at BOK Financial. On Friday, a tanker in the Strait of Hormuz was hit by explosive devices attached by a small boat, said the UKMTO, the British maritime security service. It was not immediately clear who was behind the attack in the strait, the key sea outlet for Gul
Oil jumps 2%, settles at 6-month highs on fears of escalation in Iran
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- Oil jumps 2%, settles at 6-month highs on fears of escalation in Iran
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… Read more: Oil jumps 2%, settles at 6-month highs on fears of escalation in Iran - $60 for a loaf? New York bakery has customers lining upNEW YORK — Korea may have its bread pilgrimages, but Manhattan has taken the bakery craze to another level: $60 for a single loaf of rye bread. RYE by Martin Auer, an Austrian bakery that opened in Manhattan’s SoHo neighborhood in September, has quickly become one of the city’s most talked-about new food destinations, drawing crowds and widespread media attention… Read more: $60 for a loaf? New York bakery has customers lining up
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Learn People & History of Korea
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