Crude oil prices recorded moderate gains in the past 24 hours even as markets assessed the growing optimism surrounding a peace deal between the U.S. and Iran. Amidst efforts to extend the temporary ceasefire between the U.S. and Iran as well as hopes of restoration of maritime transit through the Strait of Hormuz, Brent rallied around a percent whereas WTI benchmark added around half a percent.
Brent Oil Futures for June settlement are currently trading at $95.89, having rallied 1.01 percent from the previous close of $94.93. The day's trading ranged between $94.33 and $96.84. The 52-week trading ranged between $58.5 and $119.5.
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Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.