Brent Crude Oil Gains 1.5% at $105.56 After March Surge

AI Summary

Brent crude for June delivery rose 1.5% to $105.56 per barrel, while the May contract settled at $118.35, a 5% increase. March saw Brent prices surge over 60%, marking the strongest monthly rally since 1988. U.S. crude rose 1.5% to $102.92, witnessing a 51% increase in March — the best month since May 2020. Tensions remain high due to attacks by Iranian drones, disrupting energy supplies amidst reports of U.S. President Trump's intent to withdraw military forces from Iran soon, potentially impacting global oil markets significantly.