Oil +3% as Iran shoots down U.S. drone
Jun. 20, 2019 3:38 AM ETThe United States Oil ETF, LP (USO), OIL-OLD, UWT, UCO, DWT, SCO, BNO, DBO, DTO, USL, OLO, SZOXF, OLEM, WTIU-OLD, OILK, OILX, WTID-OLD, USOI, USOU, USOD, NRGD, NRGO, NRGU, NRGZ, OILD-OLD1, OILU-OLD1, USAI, YGRNUCO, USO, OIL-OLD, DBO, USL, DTO, OLO-OLD, SCO, BNO, OLEM, OILX, OILK, UWT, DWT, WTID-OLD, WTIU-OLD, USOI, USOU, USOD, USAI, OILU-OLD1, OILD-OLD1, SZOXF, NRGU, NRGD, NRGO, NRGZ, YGRNBy: Yoel Minkoff, SA News Editor354 Comments
- Reacting to the downing of a U.S. drone over the Strait of Hormuz, oil prices spiked overnight, with WTI crude soaring 3.2% to $55.49/bbl.
- The U.S. maintains the RQ-4 Global Hawk was shot down by an Iranian surface-to-air missile in international airspace, though Iran’s Revolutionary Guard said it was operating over its jurisdiction.
- It's the latest in a series of apparent Iranian-backed skirmishes in the Middle East that have stoked fears of a wider military conflict.
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