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    • Oil Prices Rise Amid US-Iran Talks and Ongoing Supply Concerns

    By on April 6, 2026
    crude oil
    crude oil

    Singapore:  Oil prices recorded a rise today amid anticipation surrounding the course of negotiations between the United States and Iran, alongside continued concerns over tight global supply due to disruptions in maritime shipping routes.

    Brent crude futures increased by 73 cents, or 0.7 percent, to reach $109.76 per barrel, while US West Texas Intermediate (WTI) crude futures declined by 26 cents, or 0.2 percent, to $111.28 per barrel.

    Trading activity in Asian markets showed relative stability compared to the previous session last Thursday, which saw sharp gains, with WTI rising by 11 percent and Brent by 8 percent—marking the largest single-day increase since 2020.

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