Oil Rises Further, With WTI Above $100 as Market Nervousness Grows -- Market Talk

Dow Jones04-28 20:40

1237 GMT - Oil prices extend gains, with WTI topping $100 a barrel on fears of prolonged shipping disruptions as talks between the U.S. and Iran remain at an impasse. In afternoon European trading, Brent crude for June delivery is up 3.6% to $112.11 a barrel, while WTI futures for June soar 4.6% to $100.88 a barrel. The near-term Brent curve is also showing signs of acute tightness, with prompt contracts trading well above later-dated prices--an indication traders are paying a premium for immediate supply. According to Commerzbank, the front-month contract is about $7 more expensive than the next month and more than $20 above the seven-month contract. (giulia.petroni@wsj.com)

(END) Dow Jones Newswires

April 28, 2026 08:40 ET (12:40 GMT)

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