US oil prices rebound following biggest drop in six years
US crude futures rose nearly 3 percent to 97.09 dollars on Thursday. Prices recovered after a sharp drop linked to a short-lived US Iran ceasefire deal.
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Energy markets saw a rebound on Thursday as WTI Crude Oil (NYMEX Futures) climbed by $2.68, or 2.84%, to reach $97.09 per barrel. This recovery follows a sharp decline in the previous session, which marked the most significant one-day drop for the commodity since April 2020. The volatility comes amid a fragile geopolitical landscape involving the United States and major regional powers.
