Oil prices continued to surge on Thursday amid the continued closure of the critical Strait of Hormuz. The upside was also supported by EIA data revealing declines in U.S. inventories across key refined products.
Brent crude futures traded up 1.7 percent at $103.60 a barrel, extending gains for the fourth straight session as diplomatic efforts between the U.S. and Iran showed little progress. WTI crude futures were up 1.8 percent at $94.60.
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Oil Extends Gains As US-Iran Tensions Persist
2026-04-23 09:45:12
