COMMODITY
Crude oil futures end higher on Tuesday
Apr-23-2025

Crude oil futures closed higher on Tuesday after Treasury Department announced sanctions targeting Iranian national and liquified petroleum gas magnate Seyed Asadoollah Emamjomeh and his corporate network. The crude prices also benefitted from rising hopes of de-escalation of US-China trade disputes as reports indicated that Bessent said that he expects the trade dispute between the U.S. and China to de-escalate.

Benchmark crude oil futures for May surged $1.23 or about 1.95% at $64.31 a barrel on the New York Mercantile Exchange. Brent crude for June delivery increased $1.55 or 2.34% to settle at $67.81 a barrel on London's Intercontinental Exchange.


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