Crude oil futures settled higher on Thursday as traders were worried about oil supply disruptions caused by the conflict in the Middle East. Iran's Islamic Revolutionary Guard Corps reportedly claimed that it has struck an American oil tanker in the northern Persian Gulf, raising fears of a wider conflict after the Islamic republic threatened to halt shipping through the vital Strait of Hormuz.
Benchmark crude oil futures for April delivery rose $6.35 or 8.51% to settle at $81.01 a barrel on the New York Mercantile Exchange. Brent crude for May delivery added $4.01 or 4.92% to settle at $85.41 a barrel on London's Intercontinental Exchange.
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: