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Crude prices extended gains during Asia trading as escalating attacks in the Persian Gulf and U.S. President Donald Trump’s signals on exiting the Iran conflict even as the Strait of Hormuz remains largely closed keep markets on edge.
Brent contract for June delivery
was up 1.5% at $105.56 a barrel as of 9:50 ET — prices surged more than 60% in March, in their strongest ever monthly rally dating back to 1988, with the May contract settling about 5% higher on Tuesday at $118.35 per barrel.
U.S. crude oil for May
