U.S. Crude Prices Rise 3.08% Amid Continuing Middle East Conflict
Published on · Source: cnbc.com
AI Summary
Summarized by AI from the source belowU.S. President Donald Trump rejected Iran's counterproposal to end a 10-week war, defining it as 'totally unacceptable.' This impasse continues to strain global energy markets, particularly choking the Strait of Hormuz. U.S. West Texas Intermediate futures for June delivery increased by 3.08% to $95.42 per barrel, while Brent crude for July delivery rose 3.16% to $104.49 per barrel. The dynamics of this ongoing conflict suggest substantial volatility for energy prices.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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