India, April 16 -- Crude oil prices recorded moderate gains in the past 24 hours even as markets assessed the growing optimism surrounding a peace deal between the U.S. and Iran. Amidst efforts to extend the temporary ceasefire between the U.S. and Iran as well as hopes of restoration of maritime transit through the Strait of Hormuz, Brent rallied around a percent whereas WTI benchmark added around half a percent.
Brent Oil Futures for June settlement are currently trading at $95.89, having rallied 1.01 percent from the previous close of $94.93. The day's trading ranged between $94.33 and $96.84. The 52-week trading ranged between $58.5 and $119.5.
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