Oil prices extended their surge in the holiday-shortened week to April 3 as traders reassessed the risk of tangible supply disruptions and infrastructure threats. May U.S. crude Oil – US Crude settled near $111.54, while global benchmark Oil – Brent Crude also rallied, with heightened geopolitical tensions driving a sharp repricing of war risk premiums.
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Over the past month, Oil – Brent Crude has gained about 35.27%, with its 1-day technical outlook flashing a Strong Buy, underscoring bullish momentum but also elevated volatility. Oil – US Crude has climbed roughly 48.63% in the same period, supported by tightening supply expectations and a 1-day technical signal of Buy, suggesting trend continuation risks for short sellers. Investors can explore more updates, prices, and analysis across global markets at Commodities.