Oil prices jump as China suspends oil product exports
Oil prices jumped following reports that China suspended its exports of oil products beyond Hong Kong and Macau. The December Brent crude futures contract settled at $102.31 a barrel, marking an increase of 4.37 per cent or $4.28.
Meanwhile, US West Texas Intermediate crude futures concluded trading at $92.87 a barrel, showing a rise of 2.71 per cent, or $2.45. The United States is reportedly sending troops and carriers to the Middle East.
Furthermore, the US is sending a third aircraft carrier and up to 10,000 additional troops to the Middle East. President Donald Trump weighed the possibility of resuming strikes against Iran.
Early trading saw oil prices fall by 1 per cent. Diesel and other refined products reportedly remain in a state of short supply.






















































