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Crude Continues Rise in US Hours

OIL

Crude prices have surged to new intraday highs during US trading, reaching their highest level since Feb. 1.

  • Crude prices are finding support from diminishing hope of either a temporary or permanent ceasefire in the near-term.
  • This is pushing crude back to near levels seen Feb. 1, immediately before exaggerated headlines on the potential for Hamas and Israel agreeing a to a deal caused oil prices to plummet.
  • Israeli PM Benjamin Netanyahu then appeared to pour cold water on a ceasefire yesterday, telling reporters that Israel, "will not suffice with less," than a decisive victory in their war against Hamas.
  • Brent APR 24 up 2.9% at 81.49$/bbl
  • WTI MAR 24 up 3% at 76.1$/bbl
  • WTI MAR 24-APR 24 up 0.09$/bbl at 0.04$/bbl
  • WTI APR 24-MAY 24 up 0.11$/bbl at 0.13$/bbl
Energy BulletsCommodities
Energy BulletsCommodities

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