Crude oil prices surge 40% amid US-Iran conflict
pre-market1 source ↓written by the desknot a recommendation
- rising
- 1.2%
- per barrel
- $104.41
- climbing
- 0.6%
- $99.25
- this month due
- 40% increase
Crude oil prices soared on 16 Mar, with Brent crude rising 1.2% to $104.41 per barrel and WTI climbing 0.6% to $99.25. This marks a 40% increase this month due to disruptions in the Strait of Hormuz, impacting nearly 20% of global supply. MCX crude also rose 1.90% to ₹9,227 per barrel, reflecting global trends.
Not investment advice. For informational purposes only.