Brent crude oil rebounded on Wednesday and continued to do so in Asia trading on Thursday morning.
The gains come after Donald Trump tweeted:
“I have instructed the United States Navy to shoot down and destroy any and all Iranian gunboats if they harass our ships at sea,”
The prospect of renewed tensions in the Middle East sent Brent crude back above $20 a barrel having on Tuesday hit its lowest level since 1999.
Source: https://on.wsj.com/3bxnpSW