Asian stocks subdued, oil near five-month low on U.S. inventory build

Credit: Reuters- Published on June 13, 2019
Asian stocks stuttered on Thursday, dogged by the uncertainty over an intractable U.S.-China trade dispute, while oil prices flirted with five-month lows thanks to higher U.S. crude inventories and a bleaker demand outlook.
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Credit: Wochit Business
Published on June 13, 2019 -  00:35
Oil Tanker Attack Leads To Price Surge
According to Reuters, oil prices are surging after hitting a five-month low. But gains made for crude oil futures were attributed to rising tension along the waterways in the Middle East. On June 13th, crude oil prices spiked over 4-percent after reports revealed that two tankers were attacked in the Gulf of Oman. The rising price for crude oil futures also gave a boost to publicly traded energy companies, including Exxon Mobil and Chevron, which rose over 1-percent each.

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