Crude oil prices rebound amid uncertainty over US-Iran ceasefire; Goldman Sachs cuts Q2 forecast to $90
US-Iran war: Oil prices rebounded on Thursday, April 9, after falling over 15% in the previous session, as the uncertainty surrounding a fragile two-week ceasefire in the Middle East fuelled concerns that energy shipments through the key Strait of Hormuz could continue to face disruptions.
Brent crude futures gained $1.96, or 2.07%, to $96.71 a barrel, while US West Texas Intermediate (WTI) crude advanced $2.60, or 2.75%, to $97.01 a barrel.
