Oil Recedes After Spiking On Tanker Attacks
Faizan Hashmi 2 days ago Fri 14th June 2019 | 05:57 PM
Oil prices retreated Friday on fresh weak demand growth concerns, having spiked the previous day following attacks on two tankers in the Gulf of Oman
Global stock markets meanwhile fell on geopolitical fears, uncertainty over the China-US trade row and the gloomy outlook for the global economy, traders said.
Prices had spiked by more than four percent at one stage on Thursdayas tanker attacks in the Gulf of Oman -- in a major global shipping lane -- flashedonto traders' screens.