HOUSTON: US oil prices settled more than 11% higher and Brent soared nearly 8% on Thursday in volatile trading, as traders worried about prolonged disruptions to oil supply the day after President Donald Trump said the United States would continue attacks on Iran. Brent crude futures closed US$7.87, or 7.78%, higher at US$109.03 a barrel. WTI, which typically trades below Brent, was pricing nearly US$3 over Brent as the US contract was trading for May deliveries, while the Brent contract was trading for June deliveries. The United States has some buffers to impacts from the war, Logan said. The United States is not due to attend.

Source: The Star April 03, 2026 02:40 UTC