Business
Oil prices jump by over 7%

Oil prices jump by over 7%

Apr 20, 2026

Singapore, April 20: US crude oil jumped more than 7% after closure of Strait of Hormuz.
Brent crude futures, the global oil benchmark, rose 7.26% or US$ 6.56 to $94.94 per barrel in early Monday morning trading. West Texas Intermediate futures surged 7.24% to US$ 89.92
Source: Emirates News Agency

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