Oil prices continued to surge on Thursday amid the continued closure of the critical Strait of Hormuz. The upside was also supported by EIA data revealing declines in U.S. inventories across key refined products.
Brent crude futures traded up 1.7 percent at $103.60 a barrel, extending gains for the fourth straight session as diplomatic efforts between the U.S. and Iran showed little progress. WTI crude futures were up 1.8 percent at $94.60.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.