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Oil Gains After Iran Tensions

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Oil prices added to recent gains recently on fears any U.S. military attack on Iran. The attack would disrupt flows of crude from the Middle East, reports Reuters. Global stock markets edged back from 7-week highs following a run-up spurred by optimism over monetary policy. The Federal Reserve signaled the potential for a U.S. interest rate cut later this year. MSCI’s gauge of stocks across the globe shed 0.10%, after a day earlier reaching its highest since May 1. U.S.-China trade tensions were also in focus ahead of the G20 meeting in Osaka, Japan.

Added on the 21/06/2019 16:01:05 - Copyright : Wochit

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