Home World News Wall Street edges higher as oil jumps after Gulf tanker attacks

Wall Street edges higher as oil jumps after Gulf tanker attacks

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Wall Street edges higher as oil jumps after Gulf tanker attacksU.S. stocks rose on Thursday after two days of declines, as energy shares rebounded with oil on concerns of supply disruption following attacks on two tankers in the Gulf of Oman. U.S. Secretary of State Mike Pompeo said the United States has assessed that Iran is responsible for the attacks, which occurred near Iran and the Strait of Hormuz, through which a fifth of global oil consumption passes. “We’re meandering here with strength in the oil sector because that’s where the market-moving news is today,” said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama.

Source: Yahoo.com