Oil jumps over 4% after Trump says U.S. to keep up attacks on Iran
Source: Reuters
SINGAPORE, April 2 (Reuters) - Oil prices climbed more than $4 on Thursday after President Donald Trump said the United States would continue to attack Iran, including energy and oil targets over the next few weeks, and did not commit to a specific timeline to end the war.
Brent crude futures rose $4.88, or 4.8%, to $106.04 per barrel by 0200 GMT. U.S. West Texas Intermediate crude futures were up $4.17, or 4.2%, to $104.29 per barrel.
The gains come after both benchmarks had fallen more than $1 earlier on Thursday ahead of Trump's speech and had settled lower in the previous session.
Trump said in a televised speech to the nation that the U.S. military had nearly completed its goals in its war with Iran, and that the conflict would soon be ending, but gave no specific timeline.
Read more: https://www.reuters.com/business/energy/oil-prices-drop-hopes-us-pullback-iran-war-2026-04-02/
Well, I guess that little speech helped us, didn't it?
BTW, the story has an origin of Singapore. It's already Thursday there.