Friday, April 3, 2026

International oil prices top $100 intraday again after three days

Input
2026-03-12 13:05:49
Updated
2026-03-12 13:05:49
As the Strait of Hormuz remained blocked, international oil prices rose above $100 per barrel on the 9th. At a gas station inside the Uiwang ICD Terminal in Uiwang-si, Gyeonggi Province, a truck driver is refueling. News1
According to The Financial News, despite the decision to release large volumes from strategic oil reserves, international oil prices climbed back above $100 per barrel in intraday trading after just three days.
U.S. media reported that Brent Crude Oil futures for May delivery, the benchmark for international oil prices, hit $100.25 per barrel as of 11:54 a.m. on the 12th, Korea time.
The previous day, Brent Crude Oil futures settled at $91.98 per barrel, up 4.8% from the prior session, and futures prices continued to rise in subsequent trading.
Earlier, on the 9th, Brent Crude Oil futures briefly surged to $119 per barrel in intraday trading, then plunged 11% from the previous session to close at $87.8 per barrel as optimism grew that the Iran war would end quickly.
whywani@fnnews.com Hong Chae-wan Reporter