TGT - Wall Street Breakfast: Oil Spikes After Tanker Attacks
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For the last few sessions, crude prices have been flashing red as they neared the $50 level, but attacks on two oil tankers off the coast of Iran early Thursday have sparked a sudden turnaround. WTI futures are now ahead by 3% to $52.66/bbl, while Brent contracts jumped 3.4% to $62.03/bbl. Frontline (FRO) said one of its vessels, Front Altair, was on fire, while