03/04/2026
U.S. oil prices have risen sha-rply, with West Texas Intermediate h!tting $112 per barrel, overtaking Brent Crude at $107.57 for the first time in more than 15 years. WTI usually trades at a lower price, but supply concerns linked to dis-ruptions in the Str@it of H0rmuz have pushed it higher.
Strong immediate demand and record backwardation indicate buyers are willing to pay more for crude that is readily available. Prices surged over 10% following Donald Trump’s thre@ts to Ir@n, increasing geopolitical tensions and affecting tanker movement.
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