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Oil Jumps 5 Percent Amid Fears of Renewed Escalation in the Region

Economy

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New York, April 21 (QNA) - Oil prices jumped 5 percent on Wednesday amid fears of renewed escalation in the region, following statements by US President Donald Trump that he would not like to extend the ceasefire with Iran.

Brent crude futures rose $4.30, or 4.5 percent, to $99.78.

Meanwhile, US West Texas Intermediate crude climbed $4.75, or 5.3 percent, to $94.36. (QNA)

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