US crude futures now up 12% per barrel amid Iran war
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US crude futures now up 12% per barrel amid Iran war
U.S. crude oil futures surged over 12% Friday, outpacing Brent as buyers sought available barrels amid Middle Eastern supply disruptions. The effective closure of the Strait of Hormuz due to the U.S.-Iran conflict has halted significant oil exports, pushing prices higher and raising concerns of oil»»»
Iran war sends US crude up US$10 a barrel
HOUSTON: US crude oil futures climbed more than US$10 on Friday (Mar 6), but remained under Brent as buyers sought available barrels, with Middle Eastern supply constrained by the effective closure of the Strait of Hormuz amid the expanding US-Israeli war with Iran.It was the second straight day th»»»
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