Oil prices gain on US-Iran tensions, mixed day for global stocks

New York (AFP) – Oil prices jumped again Thursday on rising US-Iran tensions, lending support to equity markets despite another round of dreary economic data in the US, Europe and elsewhere.Iran’s Revolutionary Guards warned the US of a “decisive response” after President Donald Trump said Wednesday he ordered the US Navy to destroy Iranian boats that harass American ships in the Gulf.The back-and-forth led to a second straight big increase for benchmark US crude contract West Texas Intermediate, which gained 20 percent to end at $16.50 a barrel.The benchmark crude collapsed Monday to an unpre…

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HEDGE accordingly