Brent crude rises 4.71% and surpasses $81 amid supply fears in Iran
The Brent crude oil barrel for May delivery rose 4.71% this Tuesday, surpassing $81 at the close of the session in the London Futures Market, driven by supply fears amid the war between Israel and the United States against Iran. The North Sea crude, a European benchmark, stood at $81.40 at the end of the day this Tuesday, an increase of $3.66 compared to Monday's close, when it finished the day at $77.74.
TL;DR
- Brent crude for May delivery rose 4.71% to over $81.
- The increase occurred on Tuesday's session in the London Futures Market.
- Supply fears due to the Israel-US war against Iran fueled the price hike.
- North Sea crude, the European benchmark, closed at $81.40, an increase of $3.66.