Crude oil prices rise 2% despite hopes of US-Iran war ending within weeks

US-Iran war: Oil prices climbed nearly 2% on Wednesday, April 1, after a record monthly gain, even as optimism grew that the ongoing US-Iran war may soon come to an end following recent remarks from US President Donald Trump.

Brent crude futures rose over 1.8% to $105.8 per barrel, after declining 3.2% on Tuesday. Meanwhile, WTI crude advanced nearly 1.7% to $103 per barrel on Wednesday.

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