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<Commodity>Oil Prices Surge ~6% After US Weekend Strike on Iranian Cargo Vessel
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The US Navy opened fire on an Iranian container vessel in the Gulf of Oman on Sunday, bringing the two countries to the brink of renewed conflict, sending crude oil prices higher on Monday.

Brent oil futures for June delivery added USD5, or 5.6%, to USD95.4. New York oil futures for June delivery gained USD4.6, or 5.6%, to USD87.2.

Related NewsDurable Goods Orders MoM for Apr in the United States is 7.9%, higher than the previous value of 1.3%. The forecast was 3.5%.

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