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U.S. Oil Futures Close Above $100 for the First Time Since 2022
Crude oil prices surged over 50% in March amid fears of supply disruptions from key Middle East shipping straits, with Brent crude reaching $116.5 per barrel, Deutsche Bank said.
- On Monday, WTI crude climbed 2% to $101.7 a barrel, marking the first close above $100 since 2022, while Brent crude rose 3.5% to $116.5 a barrel.
- Crude oil prices have surged more than 50% in March following the US-Israeli war against Iran, while Iran-backed Houthi militants in Yemen launched strikes Saturday, threatening critical shipping routes.
- President Donald Trump told the Financial Times he wants to "take the oil in Iran" and could seize Kharg Island, though he also claimed Tehran agreed to "most of" Washington's demands.
- Foreign ministers from Pakistan, Saudi Arabia, Egypt, and Turkey gathered Sunday for what Foreign Minister Ishaq Dar described as "very productive" talks to end the conflict.
- Jim Reid, head of global macroeconomic research at Deutsche Bank, warned Monday that investors remain fearful of fresh escalation as the conflict shows no sign of ending.
19 Articles
19 Articles
International oil prices rose sharply due to factors such as U.S. President Donald Trump's threat that the U.S. would devastate Iran's oil fields, power plants, and Kharg Island if the Strait of Hormuz is not reopened. West Texas Intermediate (WTI) surpassed $100 per barrel for the first time since July 2022, while Brent crude surged to approximately $117 per barrel during trading. Although the New York stock market briefly showed an upward tren…
Brent oil (the world reference) with winning in May was higher than 0.18% and WTI (the American reference) with expected delivery for the same month increased by 3.25%
US oil settles above $100 for first time since 2022 after Trump says he wants to ‘take the oil’ in Iran and Houthis join war
Oil prices rose Monday, with US crude oil settling above $100 per barrel for the first time since July 2022, after comments by President Donald Trump and strikes against Israel by Iran-backed Houthi rebels deepened fears that the Middle East conflict may escalate further.
US Crude Oil Settles Above $100 for First Time Since 2022
US oil prices ended Monday’s session above $100 a barrel for the first time since the US and Israel launched a war against Iran, with President Donald Trump threatening further escalation of attacks, including on critical energy infrastructure.
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