Crude oil prices surge 40% in March amid US-Iran conflict
after close1 source ↓written by the desknot a recommendation
- rising
- 1.2%
- per barrel
- $104.41
- 0.6%
- $99.25
- this month
- 40%
Oil prices advanced on 16 Mar, with Brent crude rising 1.2% to $104.41 per barrel and WTI up 0.6% to $99.25. Both contracts have surged over 40% this month, driven by US-Israeli strikes on Iran and disruptions in the Strait of Hormuz, impacting global oil supply significantly. MCX crude also rose 1.90% to ₹9,227 per barrel.
Not investment advice. For informational purposes only.