Crude oil prices continue to rise, jump 40% in March amid US-Iran war: Can they rally more?
US-Iran war: Oil prices advanced on Monday, March 16, as investors refocused on potential risks to Middle East energy infrastructure, even after US President Donald Trump urged nations to help protect the Strait of Hormuz, a key passage for global oil shipments.
Brent crude futures rose $1.27, or 1.2%, to $104.41 a barrel, following a gain of $2.68 in the previous session. Meanwhile, West Texas Intermediate crude climbed 54 cents, or 0.6%, to $99.25 a barrel after rising nearly $3 on Friday.
