Oil Surges 4% on US Troop Deployment to Middle East
Oil prices jumped more than $4 per barrel at settlement on Thursday after a report said the US was sending additional troops and another aircraft carrier to the Middle East, while China suspended oil product exports, fuelling concerns that global fuel shortages could worsen.
Oil prices jumped more than $4 per barrel at settlement on Thursday after a report said the US was sending additional troops and another aircraft carrier to the Middle East. The move came as China suspended oil product exports, adding to concerns that global fuel shortages could worsen.