Chinese cargo ships are reported to be banned from passing through the Strait of Hormuz, causing oil prices to rise to their highest level since Russia's invasion of Ukraine in July 2022.
New York May crude oil prices rose 5.5% to $99.64.
Brent May crude oil prices rose 4.2% to $112.6

Chinese cargo ships are reported to be banned from passing through the Strait of Hormuz, causing oil prices to rise to their highest level since Russia's invasion of Ukraine in July 2022. New York May crude oil prices rose by 5.5% to $99.64. Brent May crude oil prices rose by 4.2% to $112.6

AASTOCKS

Occidental Petroleum

BP p.l.c.

SPDR O&G Ex & Prd

Us Brent Oil

VanEck Oil Services ETF

iShares US Oil Equip & Svcs

iShares US Oil & Gas Expl & Prod

United States Oil Fund LP

SPDR Energy Select

ISHRS S&P Glb Engy

VG Energy

VanEck Oil Refiners ETF

Pro Ultr Bloomberg Crude Oil

SPDR O&G Equip

Concerns over commodity supply have not eased, and Brent crude closed at $112