Brent Crude Hits New High Amid Supply Threats
Tuesday, 2 April 2024, 10:01
Brent Crude Price Surges
The global oil benchmark Brent neared $88, marking a significant increase in price.
Supply Concerns Drive Market
The rise was fueled by fresh supply threats impacting the oil market.
Market Response
- Brent futures for June delivery surged by 1.5% to $88.71.
- U.S. WTI crude futures for May also climbed to $85.01, a 1.6% increase.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.