International oil prices saw the largest single-day increase in years

2025-06-13 15:50:46

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ChainCatcher news, according to Jinshi Data reports, international oil prices have seen the largest single-day percentage increase in years, reflecting concerns that the escalation of the Middle East conflict could lead to severe energy supply disruptions. Brent crude oil prices rose by 4.3% at one point, reaching $72.4 per barrel. WTI crude oil prices rose by 5% at one point, reaching $71.4 per barrel.

According to Reuters, this is the largest single-day increase for various benchmark contracts since March 2022 (one month after the full outbreak of the Russia-Ukraine conflict).

Ahmad Assiri, a research strategist at financial services company Pepperstone, wrote that the surge in Brent crude oil prices indicates both "imminent supply concerns and an increasingly strong feeling that negative news may prolong the escalation of the situation, unlike the previous Israel-Iran conflict."

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