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Singapore: Oil prices rose on Friday, April 24, 2026, on concerns that renewed Middle East tensions and disruptions in the Strait of Hormuz could tighten global supply.
Brent crude futures rose $1.23, or 1.17%, to $106.30 per barrel, while US West Texas Intermediate (WTI) crude gained $1.07, or 1.12%, to $96.92 per barrel.
The gains build on a rally of more than 3% for both benchmarks in the previous session, as persistent geopolitical tensions continue to underpin market sentiment and heighten concerns over supply security.
