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<Commodity> Strait of Hormuz Remains Closed, Oil Prices Rise by About 3%
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Chinese cargo ships are reportedly banned from passing through the Strait of Hormuz, leading to a rise in oil prices on Friday. New York oil futures for May delivery rose by USD3.5 or 3.7%, reaching USD97.98. Brent oil futures for May delivery increased by USD2.7 or 2.5%, reaching USD110.71. (sw/t) Auto-translated by third-party software This translation was auto-generated by third-party software. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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