Front-month Brent oil futures extend gains after record monthly rise in March

Brent front-month futures extended a record March rally as oil prices ticked up in early Wednesday trade. Middle East volatility kept markets jittery despite reports the U.S. and Iran may be edging closer to a negotiated end to the war, implying continued upside risk for energy prices and potential spillovers to inflation and energy-sector equities.

Analysis

Brent front-month futures extended a record March rally as oil prices ticked up in early Wednesday trade. Middle East volatility kept markets jittery despite reports the U.S. and Iran may be edging closer to a negotiated end to the war, implying continued upside risk for energy prices and potential spillovers to inflation and energy-sector equities.