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The Piney Point

Brent crude jumps over 4% as Middle East tensions flare, while share prices retreat

Brent crude jumps over 4% as Middle East tensions flare, while share prices retreat
Photo: KPRC 2 / Click2Houston (NBC) · view original

The price of Brent crude oil jumped more than 4% on Thursday as rising tensions in the Middle East added to uncertainties over supplies. Share prices fell in Europe and Asia and U.S. futures also declined after U.S. stocks retreated under pressure from rising yields in the bond market. Oil prices...

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