Oil prices jump
NZPA-Reuter New York Oil prices jumped on Monday (early yesterday NZ. time) propelled by news that a British tanker had been attacked and late day reports that a US. helicopter had attacked an Iranian vessel laying mines in the Gulf, oii traders said. The chief American grade of oil, West Texas Intermediate, closed at SUSI9ZS (SNZ3LOI) up L’SSGc (NZ47c) on the day, while North Sea Brent, the main international oil grade, rose US25c (NZ39c) to SUSIB3S for
delivery in November.
Prices had risen USIO- - (NZI6-23C) a barrel on Monday afternoon on reports a British tanker had been attacked in the Gulf. Crude oil futures closed USlBc (NZ2Bc) a barrel higher at 5U519.73 (SNZ3O.S2) for delivery in October. But oil prices jumped anotiier USIG-15c a barrel after the futures marker dosed, following a report from U 5. officials in Washington that a helicopter from the U.S. guided missile frigate Jarrett had fired on and hit an Iranian boat
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Press, 23 September 1987, Page 48
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160Oil prices jump Press, 23 September 1987, Page 48
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