TELETRADER News
3/27, 1:20 PM
(Source: TeleTrader)
Brent Crude (...+0.04%
F WBS+0.07%
Oil gains 1% with banking sector concerns easing
Crude oil prices were on the rise on Monday as fears of a banking crisis waned somewhat. First Citizens Bank has agreed to buy the failed Silicon Valley Bank, prompting a positive response from Wall Street and sending Treasury yields higher.
West Texas Intermediate (WTI) for settlements in May grew by 1.05% to $70.04 per barrel at 7:09 am ET. Brent for deliveries in the same month increased by 1.03% to $75.78 per barrel a minute later.