Latest Oil Market News and Analysis for March 24

Oil Resumes Advance on Concern Middle East War May Escalate
Oil resumed gains — paring a steep drop from Monday — on concern that other nations may be drawn into the Middle East war.
Brent climbed toward $104 a barrel, after plunging by 11% on Monday as President Donald Trump delayed a threat to strike Iran’s energy infrastructure for five days, claiming there were talks with Tehran. Iran denied negotiations were taking place, while Israel kept up attacks. US crude benchmark West Texas Intermediate advanced about 4%.