Luca Mulargiu
WTI up 27%, Brent up 25% Crude prices continued to soar as markets monitored the latest developments in the Middle East. Oil output in the Persian Gulf fell considerably as the Iran conflict prevented export through the Strait of Hormuz. However, United States President Donald Trump claimed that the "short-term oil prices" will go down as soon as Iran's threat is neutralized. West Texas Intermediate (WTI) for settlements in April skyrocketed 27.61% at 10:45 pm ET, going for $116.04 per barrel, while Brent for deliveries in May jumped 25.07% and went for $116.74 per barrel.
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