Oil Prices Rise as NYMEX and Brent Crude Futures Surge

Oil prices experienced a notable increase as trading closed on March 18. According to Jin10, the New York Mercantile Exchange (NYMEX) saw April delivery light crude oil futures rise by $2.71, closing at $96.21 per barrel, marking a 2.90% increase. Meanwhile, May delivery Brent crude oil futures in London increased by $3.21, closing at $103.42 per barrel, reflecting a 3.20% rise.