WTI and Brent climb in US trading
Oil prices moved higher on Sunday evening (local time) in early US trading, with both major crude varieties surpassing $110 per barrel. The market remains highly sensitive to the ongoing conflict in the Middle East.
WTI leads gains
The price of May-delivery US WTI crude rose 1.86%, reaching $113.62 per barrel. Meanwhile, Brent North Sea crude increased 1.16% to $110.30 per barrel, reflecting persistent market concerns over supply disruptions.
Global markets react
Investors continue to monitor geopolitical developments closely, as tensions in the Middle East exert upward pressure on oil prices, affecting energy markets worldwide.
Source: CNA
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