Oil drilling rigs
Global oil prices jumped during trading today, March 24, driven by growing supply concerns after Iran denied any end-of-war talks with the US, contradicting statements by US President Donald Trump that an agreement was close. 
Brent crude was trading up 3.35% at $103.27 a barrel, at 09:00 am Makkah time. West Texas Intermediate (WTI) rose 3.85% to $91.53 a barrel.
Oil bounced back up sharp declines exceeding 10% in the previous session, following orders from Trump to postpone attacks on Iranian power plants for five days, claiming that there were understandings with Iranian officials. Tehran described the narrative as “weary psychological operations” aimed at manipulating financial markets.
The US crude oil inventory report from the American Petroleum Institute is expected later today, ahead of the official data release from the US Energy Information Administration on March 25.
Oil drilling rigs
Global oil prices jumped during trading today, March 24, driven by growing supply concerns after Iran denied any end-of-war talks with the US, contradicting statements by US President Donald Trump that an agreement was close.
Brent crude was trading up 3.35% at $103.27 a barrel, at 09:00 am Makkah time. West Texas Intermediate (WTI) rose 3.85% to $91.53 a barrel.
Oil bounced back up sharp declines exceeding 10% in the previous session, following orders from Trump to postpone attacks on Iranian power plants for five days, claiming that there were understandings with Iranian officials. Tehran described the narrative as “weary psychological operations” aimed at manipulating financial markets.
The US crude oil inventory report from the American Petroleum Institute is expected later today, ahead of the official data release from the US Energy Information Administration on March 25.
