translated from Spanish: Oil price rises in Asia over US and Iran tension

Singapore.- Oil prices rose in Asia this Thursday morning, due to rising tensions between Iran and the United States that overshadowed for a moment the difficulties linked to the new coronavirus that plunged to the market this week. By 05H45 GMT, the US-reference WTI barrel for june delivery was up $2.04, or 14.8% to $15.82.

The Barrel of Brent, a European reference, for delivery in June, gained 2.65%, or 13.01% and sold at $23.02. To get the latest news about coronavirus, register by clicking on this space and we will send you the information instantlyIn the last days, the brutal fall in demand for oil, due to the confinement imposed to stop the epidemic of the new coronavirus, caused prices to sink below zero, an unprecedented situation in the sector. Investors paid to get rid of barrels and major market players were looking for where to store crude oil while waiting for better times.

On Wednesday, U.S. President Donald Trump said he had ordered the order to attack and destroy any Iranian vessels that are dangerously approaching U.S. ships in the Gulf area Pérsico.La last week, the United States accused Tehran of harassing American ships in international Gulf waters, with speedboats passing at “high speed” and “very close” to American ships. You may also be interested: Historical oil collapse clouds panorama for Latin American countries Oil and economic debacle?

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Original source in Spanish