Oil jumps 6% on Trump threat after Iran downs spy drone
LONDON: World oil prices spiked more than six percent Thursday on President Donald Trump warning Iran made “a very big mistake” after it boasted of downing a US spy drone.
The developments accelerated day-on-day gains in US oil benchmark WTI in late New York morning trading.
Europe’s Brent Crude rose by nearly five percent at one point, before both contracts pulled back somewhat.
