ConfirmedShipping, energy & marketsBackgroundNew York, United States
U.S. crude jumps nearly 12% to above $111 after Trump signals weeks more war
- Mountain Time
- Local time
- 4:18 PM in New York
- Where
- New York, United States
West Texas Intermediate rose 11.9% on Thursday to just over $112 a barrel for May delivery and Brent gained almost 8% to above $109, CBS reported; AP put U.S. crude at $111.54.
Why it matters
The reversal showed markets pricing a longer conflict and continued Hormuz disruption after the speech offered no clear timetable for ending the war.
Sources (2)
- Associated Pressapnews.comPublished
- CBS Newscbsnews.comPublished
Confidence: Corroborated by independent sources or direct evidence. About confidence labels