International oil prices are fluctuating and rising.
After the next trading day opened on the evening of March 11 in the eastern United States, the price of London Brent crude oil futures for delivery in May returned to above $100 per barrel. As the market has digested the information on the release of strategic oil reserves by member countries of the International Energy Agency, investors continue to focus on the interruption of shipping in the Strait of Hormuz, causing international oil prices to fluctuate higher. Some analysts believe that releasing oil reserves may temporarily alleviate market concerns, but in order to completely dispel market doubts, a clear path to the end of the conflict or at least a de-escalation of the conflict is needed.
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