Crude oil prices rose on Thursday amid conflicting signals and fading hopes of de-escalation in the Middle East conflict, following Iran’s dismissal of US President Donald Trump’s claim that the sides were holding talks to end the conflict.
West Texas Intermediate (WTI) for settlements in May climbed by 2.21% to go for $92.27 per barrel at 2:28 am ET. Meanwhile, Brent for the same month’s deliveries advanced by 2.27% and went for $104.39 per barrel at 2:27 am ET.