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U.S. oil prices settled more than 11% higher, and Brent soared nearly 8% on Thursday in volatile trading, as traders worried about prolonged disruptions to oil supply the day after President Donald Trump said the United States would continue attacks on Iran.
Brent crude futures closed $7.87, or 7.78%, higher at $109.03 a barrel. U.S. West Texas Intermediate crude futures rose $11.42, or 11.41%, at $111.54 per barrel, settling at their biggest absolute price rise since 2020.
Both benchmarks remained below the highs near $120 a barrel touched earlier in the…
