Crude oil prices rise amid Iran conflict concerns
after close1 source ↓written by the desknot a recommendation
- crude traded above
- $100 per barrel
- WTI futures rose
- 1.6% to $89.44
- and potentially
- $110
- if disruptions persist
- $150
Oil prices rebounded sharply as supply disruption fears resurfaced following Iran's denial of diplomatic talks with the US. Brent crude traded above $100 per barrel, while WTI futures rose 1.6% to $89.44. Analysts warn that prices could reach $110 and potentially $150 if disruptions persist through April.
Not investment advice. For informational purposes only.