Oil Prices Surge Above $100, Supply Crunch Looms
Raleigh News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Oil prices surge, reaching over $100 per barrel, driven by Iran tensions and supply concerns. Brent crude hit $104.63, while WTI sat at $102.34 in early April. This marks a significant 64% jump in March, the biggest monthly surge since 1988. Major oil players like Exxon Mobil, Chevron, ConocoPhillips, and Occidental Petroleum are benefiting, with their stocks closing strong on March 31, 2026. Investors now grapple with questions of how long supply risks will persist and how much of the higher oil prices are already reflected in these stocks.
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