Thursday 13 June 2019

Wall St. climbs as oil jumps after Gulf tanker attacks - Reuters

Wall St. climbs as oil jumps after Gulf tanker attacks - Reuters:

U.S. stocks rose on Thursday after two days of declines, as energy shares rebounded with oil on concerns of a supply disruption following attacks on two tankers in the Gulf of Oman.

U.S. Secretary of State Mike Pompeo said the United States has assessed that Iran is responsible for the attacks, which occurred near Iran and the Strait of Hormuz, through which a fifth of global oil consumption passes.

Oil futures settled more than 2% higher, while the S&P 500 energy index gained 1.3%, the most of the 11 major sectors.

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