Crude oil futures ended higher on Wednesday as markets assessed the evolving dynamics between the United States and Iran. While US President Donald Trump announced an extension of the fragile ceasefire, continued restrictions in the Strait of Hormuz kept supply concerns firmly in focus. Meanwhile, a report released by the Energy Information Administration (EIA) showed US crude inventories rose by 1.925 million barrels to 465.7 million barrels in the week ended April 17, compared with expectations for a 1.2 million barrel draw.
Benchmark crude oil futures for June delivery rose by $3.29 or 3.67% to settle at $92.96 a barrel on the New York Mercantile Exchange. Brent crude for June delivery surged by $3.43 or 3.48% to settle at $101.91 a barrel on London's Intercontinental Exchange.
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: