Crude Oil Prices Surge 1%, Near USD 97 Amid US-Iran Ceasefire

The international benchmark Brent crude futures rose as much as 1.13 per cent to 97.01 per barrel, while US West Texas Intermediate (WTI) traded at 99.24 in early trade, up 1.39 per cent. Oil prices slipped to nearly 20 per cent below the 100-per-barrel mark on Wednesday, after averaging that level since February 28.