Tuesday 31/March/2026 – 09:27 AM
Prices varied Oil In trading on Tuesday, following a report that US President Donald Trump informed his aides of his readiness to end the war with Iran without reopening the Strait of Hormuz.
Brent crude futures for May delivery – the contract expires today – rose 0.5%, or 59 cents, at $113.37 a barrel.
While US Nymex crude contracts for May delivery fell by 0.3%, or the equivalent of 33 cents, at $102.55 per barrel, after touching $106.86.
Brent crude oil is heading to end March trading with monthly gains exceeding 55%, achieving an increase since the end of December of about 88%.
The US Crude Inventories report from the Petroleum Institute is expected to be issued later today, before the announcement of official data from the US Energy Information Administration tomorrow, Wednesday.
She had finalized the prices American oil Yesterday’s session, it was above $100 a barrel for the first time since the start of the war between the United States and Israel against Iran.
According to Reuters, West Texas Intermediate crude futures rose more than 3% to settle at $102.88 per barrel, the highest level since July 2022, while Brent crude, the international standard, is heading towards record gains in March, and the price of $100 is an important psychological level that traders and other market participants are monitoring.
Oil prices witnessed a sharp rise with the escalation of the war between the United States, Israel and Iran, which led to turmoil in global markets and raised fears of high inflation and slow growth at the same time.
