5/16, 8:13 PM (Source: TeleTrader)
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Crude prices soar, Brent, WTI both up over 2%

The prices of crude oil further increased on Monday as gasoline futures in the United States reached a new record high, surpassing $4 a gallon. Meanwhile, positive sentiment was pushed by news Shanghai confirmed plans to lift COVID-19 restrictions from June.

West Texas Intermediate (WTI) for deliveries in June surged 3.32% at 2:12 pm ET to sell for $114.16 per barrel. A minute later, Brent for inventories in July grew by 2.46% to go for $114.31 a barrel.

Baha Breaking News (BBN) / ND