Oil Prices Close at Highest Level Since 2022 as Iran Negotiations Fail to Ease Supply Fears Oil markets closed Friday, March 27, at their highest level in more than three years, as diplomatic maneuvers by U.S. President Donald Trump failed to calm persistent fears over the security of Middle Eastern supplies. According to market data, U.S. benchmark West Texas Intermediate (WTI) crude rose 5.46% to settle at $99.64 per barrel. The international benchmark Brent crude gained 4.22% to close at $112.57. These settlements mark the highest prices since July 2022, when Russia’s invasion of Ukraine roiled global energy markets. [1] Trump announced a…

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