WTI crude oil futures rise by more than 10%, surpassing $110 per barrel

CryptocurrencySniper · 2026-04-02T12:24:32+00:00

WTI crude oil futures rose 10% to $110.08 per barrel, while Brent crude futures increased 8.06% to $109.32 per barrel. Trump did not mention details about the Strait of Hormuz, stating that U.S. forces will take strong action against Iran. Meanwhile, Ukraine's attacks on Russian energy facilities have led to a decrease in its export capacity.

CryptocurrencySniper

2026-04-02 12:24:32

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WTI crude oil futures price rose 10% to $110.08 per barrel; Brent crude oil futures price rose 8.06% to $109.32 per barrel. Earlier, in a speech by U.S. President Trump, no details were mentioned about restarting the Strait of Hormuz, saying that the U.S. military would launch an extremely fierce strike against Iran within the next two to three weeks. On Thursday, sources said that because Ukraine’s strikes on port infrastructure, pipelines, and refineries have weakened export capacity by about 1 million barrels per day (about one-fifth of total capacity), Russia’s oil production cuts are imminent.

(Source: Caixin Insight)

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