Crude oil prices surged on Monday, extending gains for a third straight session as investors await the U.S. response to Iran's peace proposal and weigh uncertainty around reopening the Strait of Hormuz. The geopolitical backdrop raises supply-risk concerns for global energy markets and supports oil prices near term.
Crude oil prices surged on Monday, extending gains for a third straight session as investors await the U.S. response to Iran's peace proposal and weigh uncertainty around reopening the Strait of Hormuz. The geopolitical backdrop raises supply-risk concerns for global energy markets and supports oil prices near term.
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mildly positive
Sentiment Score
0.25
