Oil Demand Growth Faces Biggest Hit Since Covid on Iran Supply Shock

U.S. West Texas Intermediate futures for June advanced 1.55% at $102.74 per barrel.

Japan’s 10-year yield jumped as much as seven basis points after data showed producer prices in the nation rose at the fastest annual pace since 2023.

Crude oil prices rose more than 3 per cent to Rs 10,073 per barrel in futures trade on Friday, tracking sharp gains in global benchmarks amid concerns over supply disruptions triggered by the US-Iran war.

Oil prices surged as Trump says China will buy US crude after Xi talks