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<Commodity>Brent Oil Surges 60%+ in Mar, Marking Largest Single-mth Hike since 1988
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The Iran war triggered the largest oil supply disruption in history. Correspondingly, Brent oil prices skyrocketed by 63% in March, marking the largest single-month increase since 1988. New York oil futures for May delivery jumped up approximately 51% in March, achieving the best single-month performance since May 2020. On Tuesday, Brent oil rose to nearly USD120 per barrel, with May futures leaping by 5% to USD118.4. New York oil futures for May delivery closed down 1.5% at USD101.4. US President Donald Trump and Iran are purportedly both willing to end the war. Spurred by the news, New York oil and Brent oil futures for June delivery shrank. AASTOCKS Financial News Website: www.aastocks.com |
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